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Wockhardt share price jumps 27% in 2 days after US FDA accepts new drug application for breakthrough antibiotic Zaynich

Wockhardt share price: Wockhardt share price extended its rally for the second straight session on Tuesday, December 2, rising 6.5% after the company announced a historic regulatory milestone for its novel antibiotic Zaynich. This surge comes after Monday’s sharp 19.21% jump, taking the two-day rally to nearly 27% and placing the pharma major firmly back in investor focus. The company revealed in an exchange filing that the United States Food and Drug Administration (US FDA) has formally accepted its New Drug Application (NDA) for Zaynich—a first-of-its-kind achievement for any Indian pharmaceutical company.

Wockhardt share price jumps 27% in 2 days after US FDA accepts new drug application for breakthrough antibiotic Zaynich

Credit: Livemint

Key Highlights

  • “This is the first time in history that an NDA for a New Chemical Entity (NCE) from an Indian pharmaceutical company has been filed and accepted by the US FDA,” Wockhardt said in its regulatory update.
  • This acceptance marks a major breakthrough not only for Wockhardt but for the entire Indian pharmaceutical industry, positioning India on the global innovation map.
  • Zaynich is a combination therapy made up of Zidebactam, a β-lactam enhancer, and Cefepime, a fourth-generation cephalosporin.
  • The drug is designed to address life-threatening multi-drug resistant (MDR) and extensively drug-resistant (XDR) bacterial infections, including high-risk pathogens such as Pseudomonas Aeruginosa, Acinetobacter Baumannii, and Carbapenem-resistant strains.
  • The company noted that Zaynich has already been granted Fast Track designation by the US FDA, underscoring its potential to meet urgent unmet medical needs.
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Sources

  1. Wockhardt share price jumps 27% in 2 days after US FDA accepts new drug application for breakthrough antibiotic Zaynich

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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