10 Jun 2026
Concord Biotech received USFDA approval for its tofacitinib tablets in 5 mg and 10 mg strengths, addressing a US market worth about 500 million dollars.
The arthritis and ulcerative-colitis drug marks Concord's push from fermentation-based APIs into finished formulations, a higher-margin segment that lifted its shares 6 percent on the news.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.