Shares of Godavari Biorefineries surged 5% and hit the upper circuit on July 4, following a key announcement regarding a major breakthrough in its anti-cancer research efforts.
In a regulatory filing to the NSE and BSE, the company revealed that it has been granted a European patent for its novel anti-cancer molecule, which has demonstrated high potency against both cancer cells and cancer stem cells. This compound is now officially validated in Spain, the UK, and as a Unitary Patent across Europe.
The development falls under the company’s “Anti-Cancer Research Segment”, highlighting its focus on cutting-edge oncology innovation. According to the company, this patent not only strengthens its intellectual property portfolio but also reinforces its commitment to developing next-generation cancer therapies.
Investors responded positively to the news, sending the stock to its daily upper limit. The development is seen as a significant milestone, potentially opening doors for future collaborations, licensing deals, and expansion into global pharmaceutical markets.
This is part of Godavari Biorefineries’ broader strategy to diversify into high-value bio-based research areas, beyond its traditional ethanol and bio-chemicals business.
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