Indian pharma stocks drop 1% after Trump signs order to boost U.S. drug manufacturing
ReutersMay 6, 2025 8:01 AM
Indian pharma stocks .NIPHARM down 1.14%
Eighteen stocks in 20-member Nifty Pharma index trade in the red
U.S. President Donald Trump signed executive order overnight aiming to reduce time taken to approve pharmaceutical plants in the country
Move meant to boost local drug manufacturing in U.S.
Aurobindo Pharma ARBN.NS and Cipla CIPL.NS biggest losers, down 2.3% and 2.5%
Heavyweights Sun Pharma SUN.NS, Dr. Reddys REDY.NS down over 1% each
Most stocks on pharma index rated "hold" or "buy"
Index has shed 8% so far this year
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