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Share price of Wockhardt rises 27% in 2 days after FDA approves new drug application for breakthrough antibiotic Zaynich.
Share price of Wockhardt rises 27% in 2 days after FDA approves new drug application for breakthrough antibiotic Zaynich.
Wockhardt's share price surged by 6.5% on Tuesday, December 2, extending a rally that has seen the stock gain nearly 27% over two sessions. This significant increase follows the company's announcement that the United States Food and Drug Administration (US FDA) has formally accepted its New Drug Application (NDA) for Zaynich, a novel antibiotic. This marks a historic first for any Indian pharmaceutical company, as it is the first time an NDA for a New Chemical Entity (NCE) developed by an Indian firm has been filed and accepted by the US FDA.
Zaynich is a combination therapy comprising Zidebactam, a beta-lactam enhancer, and Cefepime, a fourth-generation cephalosporin. It is designed to combat life-threatening multi-drug resistant (MDR) and extensively drug-resistant (XDR) bacterial infections, targeting high-risk pathogens like Pseudomonas Aeruginosa, Acinetobacter Baumannii, and Carbapenem-resistant strains. The drug has already received Fast Track designation from the US FDA, indicating its potential to address critical unmet medical needs, and this designation ensures priority review of its NDA.
The acceptance of the NDA is the culmination of a decade-long global development effort for Zaynich, involving extensive non-clinical and clinical evaluations since 2011. Wockhardt described this as a historic and proud moment, reaffirming their commitment to advanced anti-infective solutions and showcasing Indian scientific innovation on a global scale. This milestone positions India as a significant player in global drug innovation, moving beyond generic manufacturing.
While Wockhardt's stock has experienced volatility over the past year, with a 52-week high of $1,870.00 in July 2025 and a low of $1,109.60 in February 2025, the recent regulatory success has fueled a strong upward momentum. The stock has climbed 17.5% in the last month alone. Despite a muted 5% yearly return, the company has delivered substantial multi-bagger returns of 257% over the last five years, demonstrating its long-term wealth-generating potential during periods of progress.
The acceptance of Zaynich's NDA is a landmark achievement for the Indian pharmaceutical sector, elevating Wockhardt's status to a global innovator. In the context of the growing global concern over antimicrobial resistance (AMR), Zaynich's potential approval could significantly enhance India's role in antibiotic innovation. Investors are closely monitoring the next steps in Zaynich's regulatory journey, which could significantly reshape Wockhardt's future growth and further solidify India's position in global drug development.
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