Shilpa Medicare's NAFLD drug, NorUDCA, completes successful Phase 3 trials and surges shares 11%.

Shilpa Medicare's shares soared 11% to a record high after successfully completing Phase 3 trials for its NAFLD drug, NorUDCA. The drug, designed to treat Nonalcoholic Fatty Liver Disease, demonstrated positive outcomes during trials with no serious side effects. Shilpa Medicare plans to submit Phase 3 findings to CDSCO for marketing authorization in India, potentially revolutionizing NAFLD treatment.

August 26, 2024
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