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Glenmark-AbbVie $2-bn deal lifts optimism over biotechnology stocks
July 12, 2025
|Financial Express Ahmedabad
STOCK JUMPS TO RECORD
GLENMARK PHARMACEUTICALS' UP to $2-billion deal with AbbVie Inc for its blood cancer drug is boosting optimism over Indian biotechnology stocks, with some brokerages calling it the largest such deal in the country.
The agreement by the Indian firm's unit—which includes an upfront amount of $700 million and milestone payments of as much as $1.23 billion—sent the Glenmark stock as much as 20% higher to a record on Friday. Peers such as Sun Pharmaceutical and Biocon also gained following the announcement.
هذه القصة من طبعة July 12, 2025 من Financial Express Ahmedabad.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Ahmedabad
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