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Transgene Biotek shines on entering into agreement with NeoDeL Pharma

18 Mar 2021 Evaluate

Transgene Biotek is currently trading at Rs. 3.34, up by 0.15 points or 4.70% from its previous closing of Rs. 3.19 on the BSE.

The scrip opened at Rs. 3.34 and has touched a high and low of Rs. 3.34 and Rs. 3.34 respectively. So far 52984 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 6.85 on 26-Jun-2020 and a 52 week low of Rs. 2.75 on 20-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3.67 and Rs. 3.03 respectively. The current market cap of the company is Rs. 25.31 crore.

The promoters holding in the company stood at 23.64%, while Non-Institutions held 76.36%.

Transgene Biotek has entered into an agreement with NeoDeL Pharma to support NeoDeL's Covid Vaccine project by formulating that company's Covid Vaccine, 'NeoCoVTM' for it to be administered in the form of oral and nasal drops.

NeoDeL Pharma has entered into an agreement with a renowned university in USA which has developed a novel Covid vaccine. NeoDeL is to seek requisite regulatory approvals in India for NeoC0VTM to be manufactured and marketed globally. Transgene provides support to NeoDeL through its novel delivery platform by formulating NeoCoV for it to be administered either as oral or nasal drops, first of its kind in the world. Transgene is to receive compensation through a combination of milestone payments, equity and royalty on sales.

Transgene Biotek (TBL) is engaged in manufacturing drugs for:New Drug Delivery System (NDDS)-Oral Delivery of Insulin,Oral Delivery Hepatitis B Vaccine and Pegylation of Protein Drugs.

Transgene Biotek Share Price

3.10 0.04 (1.31%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Syngene Internation. 458.00
Indegene 529.65
CMS Info Systems 290.00
JITF Infralogistics 307.90
Sagility 44.18
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