Among the notable losers were Sun Pharmaceutical Industries Ltd, Biocon Ltd, Torrent Pharmaceuticals Ltd, Dr Reddy's Laboratories Ltd, Cipla Ltd, Wockhardt Ltd, Zydus Lifesciences Ltd, IPCA Laboratories Ltd, Gland Pharma Ltd, Alkem Laboratories Ltd and Ajanta Pharma Ltd.
After spending nearly Rs 6,800 crore and more than two decades, Wockhardt has achieved what no Indian pharmaceutical company has before: US FDA approval for a novel drug discovered and developed in-house. Zaynich is expected to drive Wockhardt's next phase of growth after it returned to profitability in FY26.
Agarwal’s business journey has come full circle, unlocking value through a deep corporate restructuring.
Wockhardt is betting big on a space the world's largest pharmaceutical companies have abandoned.
In an exclusive interview, Wockhardt Founder Chairman Dr. Habil Khorakiwala confirms a major transformation toward becoming a research-driven global biopharma pioneer. Following the breakthrough success and regulatory approvals for its novel antibiotic Zaynich, the company is pivoting its capital allocation strategy to aggressively fund its innovative R&D pipeline over the next three to five years. While global pharma giants scaled back antibiotic research due to weak economic returns, Wockhardt leveraged the lack of competition to target antimicrobial resistance, aiming to establish India as a premier innovation hub for global antibiotic discovery.
Wockhardt Shares Hit Record High As It Secures USFDA Approval For A Novel Antibiotic Zaynich
Wockhardt has received US FDA approval for Zaynich (cefepime and zidebactam), a novel intravenous antibiotic for the treatment of adults with complicated urinary tract infections, including pyelonephritis. The approval follows positive results from the Phase 3 ENHANCE-1 study, where Zaynich demonstrated superior efficacy to meropenem. Wockhardt said Zaynich is the first new chemical entity fully developed and commercialised by an Indian pharmaceutical company to receive U.S. FDA approval. The company recently secured approval for the antibiotic in India and has also submitted a marketing authorisation application in Europe.
An analyst from Anand Rathi said that Wockhardt has witnessed a strong rally and is currently trading significantly above its 20-day and 50-DEMA, indicating an extended price structure.
Wockhardt share price rose 19.17 per cent to hit a high of Rs 2,420 on BSE. This was in addition to a 14.70 per cent jump on Friday.
Stocks like InterGlobe Aviation, Lupin, IREDA, Hindustan Zinc, NMDC, Cyient, Glenmark Pharma, Inox Wind, Wockhardt, SBI Life will be in the spotlight on Monday, June 01.
Pharma Dominates Small-Cap Winners In May As Wockhardt & Neuland Labs Hit Records
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