Venus Remedies soars 5% on Mexico patent for Potentox

Venus Remedies has received another patent from Mexico for its antibiotic Potentox. This patent provides an exclusivity period for Potentox upto 2025.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Buzzing Stocks

Jun 18, 2013, 03.52 PM | Source: Moneycontrol.com

Venus Remedies soars 5% on Mexico patent for Potentox

Venus Remedies has received another patent from Mexico for its antibiotic Potentox. This patent provides an exclusivity period for Potentox upto 2025.

Like this story, share it with millions of investors on M3

Venus Remedies soars 5% on Mexico patent for Potentox

Venus Remedies has received another patent from Mexico for its antibiotic Potentox. This patent provides an exclusivity period for Potentox upto 2025.

Post Your Comments

Share Cancel

Moneycontrol Bureau

Venus Remedies shares surged more than 5 percent on Tuesday, after the pharmaceutical company received a patent from Mexico for its antibiotic Potentox.

Potentox is an antibiotic drug used to cure pneumonia. It is effective in case of hospital-acquired pneumonia and febrile neutropenia infections, primarily caused by quinolones or aminoglycoside-resitant microbes, the company said in its statement.

This patent provides an exclusivity period for Potentox upto 2025.

The drug also has patents from several other countries including USA, India, Australia, New Zealand, South Korea, South Africa, Canada and Ukraine.

The global hospital-acquired bacterial infections market was estimated to be worth USD 9 billion in 2010.

At 11:30 hrs, the stock was at Rs 283.65, up 3.5 percent on NSE. It hit a high of Rs 299 in morning trade.

Even trading volumes surged over 5 times to 56,464 equity shares as compared to its five-day average of 10,578 shares on the Bombay Stock Exchange.

Also Read - DIPP to send proposal to PMO on review of pharma FDI policy

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Venus Remedies soars 5% on Mexico patent for Potentox

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login