Zydus Cadila, a part of Cadila Healthcare (BOM: 532321), has scored approval in India for a non-alcoholic steatohepatitis (NASH) treatment, saroglitazar, the first ever marketing authorization in this indication.
The approval permits the Ahmedabad, India-based firm to market the drug for the treatment of non-cirrhotic NASH, and sent the parent company shares up as much as 6.2% to 272.75 rupees.
GlobalData has forecast the global market for NASH therapies could be worth over $25 billion within a few years.
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