In a bullish market on Friday, the Nifty Pharma index moved in the green around 11:16AM (IST).
Among the top gainers were Granules India (up 5.43%), Glenmark Pharmaceuticals (up 4.43%), Ipca Laboratories (up 2.42%), Glaxosmithkline Pharmaceuticals (up 2.37%), and Sanofi India (up 2.31%).
The biggest losers on the index were Lupin (down 1.33%), Sun Pharmaceutical Industries (down 0.67%), Pfizer (down 0.46%), Gland Pharma (down 0.41%), and Zydus Lifesciences (down 0.22%).
At the time this story was being written, the Nifty Pharma index was up 0.55 percent, standing at 12008.6.
The BSE Sensex increased by 591.23 points to 58551.32, while the benchmark NSE Nifty50 indicator increased by 162.65 points to 17243.35.
Following Covid, analysts noted that the pace of US FDA inspections has once more accelerated and that they have observed a rise in incidents with 483 observations and unfavourable outcomes.