InvestorQ : Why has the stock of Divi Labs been so strong in recent days?
Archita Jajjoo made post

Why has the stock of Divi Labs been so strong in recent days?

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Niti Shenoi answered.
1 month ago
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The stock of Divi’s Laboratories got a big boost from the strong trial results for Molnupiravir, which were recently published by Merck. The Molnupiravir reduces the mortality for COVID patients with mild to moderate COVID afflictions. Divi’s is the authorized manufacturer of Molnupiravir in India. This is also likely to give a boost to Divi’s CRAMS franchise which is expected to growth at 10% annualized in the next five years.

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