The coming booster for Indian pharma stocks: US Biosecure Act
Tue, Sep 10, 2024 1:52 PM

The coming booster for Indian pharma stocks: US Biosecure Act

A Flip by Avya Verma
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The US House of Representatives has passed the Biosecure Act, which aims to reduce US reliance on China in the biopharmaceutical industry, potentially benefiting Indian pharma companies like Divi's Labs, Laurus Labs, and Piramal Pharma. The act prohibits US drugmakers from engaging with five Chinese companies, shifting business to Indian contract development manufacturing players.

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