Moneycontrol PRO
HomeNewsBusinessStocksCelestial Bio up 8% ahead of anti-diabetic product launch

Celestial Bio up 8% ahead of anti-diabetic product launch

After the hugely successful launch of its patented arthritis management product Cadalmin GAe, the Hyderabad-based bio-pharmaceutical company, Celestial is set to launch its latest anti-diabetic product, said the biopharmaceutical company in its filing to the exchange.

January 13, 2015 / 12:41 IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Moneycontrol Bureau

Shares of Celestial Biolabs climbed 8 percent intraday Tuesday ahead of patented anti-diabetic product launch.

After the hugely successful launch of its patented arthritis management product Cadalmin GAe, the Hyderabad-based bio-pharmaceutical company, Celestial is set to launch its latest anti-diabetic product, said the company in its filing to the exchange.

The product is expected to be a breakthrough in research and in the management of diabetes, it added.

The company is in the process of launching this natural sea based 100 percent vegetarian product tentatively by April 2015.

At 11:53 hours IST, the stock was quoting at Rs 50.75, up Rs 3.35, or 7.07 percent on the Bombay Stock Exchange.

Posted by Sunil Shankar Matkar

first published: Jan 13, 2015 12:41 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347