InvestorQ : Why did the stock of Cadila Healthcare rally sharply in the last few days?
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Why did the stock of Cadila Healthcare rally sharply in the last few days?

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Deepa Salunkhe answered.
2 months ago
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Cadila Healthcare, part of the Zydus group of Ahmedabad, saw a stock market rally after a long break. The rally in the stock price came after it had reported that its US-based subsidiary acquired an experimental drug from Cyprium. Now, this buy is significant becaue this particular drug is used for treating Menkes disease, which is a mis-alignment of copper levels in the body which leads to a host of degenerative nervous problem.

The 2-way deal has been struck between Cyprium Therapeutics and Sentynl Therapeutics. The latter company is the US-based specialty pharma company that is owned by the Zydus Group. The Zydus unit will eventually acquire the proprietary rights to CUTX-101, the Copper Histidinate product candidate of Cyprium meant for the treatment of Menkes disease. The problem is considered to be a chronic problem and quite prevalent in many places.

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