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Wockhardt shares tumble 9% amid profit booking after sharp rally on Zaynich approval

The recent rally in the stock followed the USFDA’s approval for Zaynich (cefepime and zidebactam), an intravenous antibiotic for treating adults with complicated urinary tract infections (cUTI)

Raccontata daeconomictimes.indiatimes.comthehindubusinessline.com

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2 prospettive sulla stessa storia
AI · summaries
thehindubusinessline.comStai leggendo11 h fa

Wockhardt shares tumble 9% amid profit booking after sharp rally on Zaynich approval

Wockhardt gained FDA approval for Zaynich (novel antibiotic for UTIs); stock surged 36.77% then fell 9% on profit-taking. Independent global distribution by Wockhardt marks India's first self-developed breakthrough drug without pharma partnerships.

originale
economictimes.indiatimes.com10 h fa

Wockhardt shares pause massive 36% rally in 5 sessions; slip 7%. What’s behind the selloff?

Wockhardt shares dropped after a recent surge, as investors took profits. This followed the US FDA approval of ZAYNICH, an antibiotic for urinary tract infections. The company also reported a strong turnaround in its…

Leggi questa versione → originale

Timeline cronologica

  1. lunedì 1 giugno 2026·economictimes.indiatimes.com

    Wockhardt shares in focus after FDA approval for antibiotic targeting drug-resistant infections. Check details

    Wockhardt will be in focus after the US FDA approved ZAYNICH, a novel intravenous antibiotic combining cefepime and zidebactam for complicated urinary tract infections. The drug…

  2. martedì 2 giugno 2026·economictimes.indiatimes.com

    Zaynich's blockbuster potential lifts Wockhardt's long-term outlook

    Wockhardt's novel antibiotic, Zaynich, has received USFDA approval after a 12-year effort, sparking hopes for a turnaround after years of net losses. The drug, targeting…

  3. martedì 2 giugno 2026·thehindubusinessline.com

    Wockhardt shares tumble 9% amid profit booking after sharp rally on Zaynich approval

    The recent rally in the stock followed the USFDA’s approval for Zaynich (cefepime and zidebactam), an intravenous antibiotic for treating adults with complicated urinary tract…

  4. martedì 2 giugno 2026·economictimes.indiatimes.com

    Wockhardt shares pause massive 36% rally in 5 sessions; slip 7%. What’s behind the selloff?

    Wockhardt shares dropped after a recent surge, as investors took profits. This followed the US FDA approval of ZAYNICH, an antibiotic for urinary tract infections. The company…