CDMO stocks Divi's Labs, Laurus, Piramal Pharma surge up to 5% after US Senate passes NDAA Bill
Published on 10/10/2025 12:38 PM
CDMO stocks Divi's Labs, Laurus, Piramal Pharma surge up to 5% after US Senate passes NDAA BillMacquarie has reiterated its "outperform" rating on Divi's Laboratories, Cohance, Syngene, and Blue Jet Healthcare.By Hormaz Fatakia October 10, 2025, 12:38:23 PM IST (Updated)2 Min ReadShares of Pharma companies, Divi's Laboratories, Syngene, Laurus Labs, Piramal Pharma, and Blue Jet Healthcare, surged up to 5% on Friday, October 10, after the US senate passed the National Defence Authorisation Act (NDAA).
77 votes in favour of the act, while 20 votes were cast against the motion.
The Biosecure Act aims to prohibit federal funding for Chinese biotech companies deemed as "biotechnology companies of concern.' The amended Biosecure Act prohibits the use of "biotechnology equipment or services" from any "biotechnology company of concern" (BCC) in Federal contracts.
According to brokerage firm Macquarie, the NDAA bill embedded an amended version of the US Biosecure Act, which was also passed along with the NDAA.
The brokerage added that the prohibitions outlined in the Biosecure Act will take effect with respect to these entities, 60 days following the revision of the Federal Acquisition Regulation, pertaining to these companies.
Macquarie has reiterated its "outperform" rating on Divi's Laboratories, Cohance, Syngene, and Blue Jet Healthcare.
Shares of Blue Jet Healthcare are trading with gains of 4.6% at ₹683.55. The stock is down 2.1% in the last one month.
Shares of Syngene are trading 2.3% higher at ₹653.25. The stock has been flat in the last one month.
Shares of Laurus Labs are trading 2.6% higher at ₹887.65. The stock has also remained flat in the last one month.
Shares of Divi's Laboratories surged as much as 4.5% to ₹6,411. The stock has risen 6.3% in the last one month.Continue ReadingFirst Published: Oct 10, 2025 12:36 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBlue Jet HealthcareDivis Labs Share PriceLaurus LabsPiramal Pharma Shareshare market todaySyngene