India's Divi's Labs hits record high on Merck's positive trial data for COVID-19 drug

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India's Divi's Labs hits record high on Merck's positive trial data for COVID-19 drug
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Shares of India's Divi's Laboratories Ltd , which makes the main ingredient of Merck & Co's experimental antiviral pill, soared 10% on Monday, after the pharmaceutical giant reported positive clinical trial results for the drug.

, which are jointly conducting a clinical trial in India with molnupiravir, also gained between 1.1% and 2.3%.

In July, privately held Hetero Labs said it was also seeking a domestic emergency use nod for the experimental treatment, after interim data from its late-stage trial showed molnupiravir helped reduce hospitalisations in mild cases of COVID-19.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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