On Monday, shares of all many companies fell sharply after a US multi-state lawsuit accused many Indian drug makers of colluding over pricing. Along with Sun Pharmaceuticals and Dr Reddy’s Laboratories, Aurobindo Pharma Ltd, Glenmark Pharmaceuticals Ltd, Lupin Ltd, Wockhardt Ltd and Zydus Pharma are named in the lawsuit. On Tuesday, shares of Sun Pharma, Lupin, Wockhardt, Zydus, Dr Reddy’s, and Glenmark traded higher, while those of Aurobindo Pharma bucked the trend. Officials from Sun Pharmaceutical Industries, Aurobindo Pharma, and Glenmark Pharmaceuticals were also named in the lawsuit. Officials from Sun Pharmaceutical Industries, Aurobindo Pharma, and Glenmark Pharmaceuticals were also named in the lawsuit.

Source: Mint May 14, 2019 09:00 UTC