Laurus Labs’ stock price surged by 5% following the United States’ approval of an “emergency humanitarian waiver,” allowing continued access to HIV treatment across 55 countries.
This waiver, crucial for global health, ensures the continuation of life-saving assistance, including core medicines and medical services for HIV patients. UNAIDS welcomed the approval, emphasizing its role in sustaining vital health services worldwide.
In response to market concerns, Laurus Labs issued a clarification stating that any potential impact from a funding freeze would not significantly affect the company’s business. The company highlighted the robust market for Anti-Retroviral (ARV) drugs, which has a total market size of $1.5 billion, representing just 10% of the annual HIV financing budget.
Laurus Labs is a key player in the ARV market, with its extensive portfolio of treatments vital to global efforts against HIV. The approval of this humanitarian waiver is expected to strengthen the company’s position, given its critical role in providing essential medications to HIV-affected regions.
Laurus Labs’ stock opened at ₹565.95 and reached a high of ₹580.00, with a low of ₹557.40 for the day. The stock’s 52-week high stands at ₹619.40, while the 52-week low is ₹368.30.
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