Wockhardt Ltd’s shares surged 8% to ₹1,508.60 in Monday’s session following the successful use of its breakthrough antibiotic Zaynich™ (Zidebactam/Cefepime, WCK 5222) in treating a critical US patient.
The 73-year-old cancer patient, suffering from life-threatening Gram-negative bacterial infections resistant to existing treatments, underwent a successful liver transplant after a 15-day treatment with Zaynich™. The antibiotic effectively neutralized highly resistant pathogens like Pseudomonas aeruginosa and Klebsiella pneumoniae.
This success highlights Zaynich™’s potential in tackling extreme-drug resistant infections, a growing concern worldwide. The breakthrough is part of Wockhardt’s innovative antibiotic pipeline, which has already benefitted 45 patients in the US under FDA’s compassionate-use program.
The news boosted investor confidence, driving Wockhardt’s share price up ₹58.05 from its previous close of ₹1,396.95. The stock has also delivered impressive gains, with a 21% rise in one month and 238% year-to-date growth.
Wockhardt Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 13 2024
|
₹1,388.00
|
₹1,396.95
|
|
|
Thu, Dec 12 2024
|
₹1,439.00
|
₹1,388.20
|
-2.72%
|
|
Wed, Dec 11 2024
|
₹1,409.90
|
₹1,427.05
|
|
|
Tue, Dec 10 2024
|
₹1,399.00
|
₹1,399.05
|
|
|
Mon, Dec 9 2024
|
₹1,389.25
|
₹1,395.75
|
|
|
Fri, Dec 6 2024
|
₹1,443.90
|
₹1,389.25
|
-3.09%
|
|
Thu, Dec 5 2024
|
₹1,442.00
|
₹1,433.60
|
-0.33%
|
|
Wed, Dec 4 2024
|
₹1,409.85
|
₹1,438.30
|
|