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Wockhardt exits the US generic drug market, filing for bankruptcy due to financial losses.
Wockhardt, an Indian pharmaceutical company, is exiting the US generic drug market due to financial losses, filing for Chapter 7 bankruptcy for its US subsidiaries.
The company plans to focus on antibiotic drug discovery and insulin products.
Despite the exit, Wockhardt will continue operations in India, the UK, Ireland, and other markets.
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Wockhardt sale del mercado estadounidense de medicamentos genéricos, declarándose en bancarrota debido a las pérdidas financieras.