Wockhardt shares decline after announcing an exit from loss-making US generics business
Published on 14/07/2025 09:37 AM
Wockhardt shares decline after announcing an exit from loss-making US generics businessA strategic review concluded that the generics segment was misaligned with Wockhardt's innovation agenda.By Ekta Batra July 14, 2025, 9:37:35 AM IST (Updated)1 Min ReadShares of Wockhardt Ltd. declined on Monday, July 14, after the company exited its US generics business, as part of a broader realignment.
The move aligns with the company's long-term vision to become a differentiated, innovation-led pharma company.
Wockhardt's focus will now shift to two pillars — new antibiotic drug discovery and biologics portfolio in insulin.
Wockardt's US generics business has been loss-making for several years. In the financial year 2025, US generics posted a loss of $8 million. A strategic review concluded that the generics segment was misaligned with Wockhardt's innovation agenda.
The company has filed for voluntary liquidation under Chapter 7 of the US Bankruptcy Code.
This affects two of its wholly-owned US subsidiaries — Morton Grove Pharma and Wockhardt USA LLC. Effective from July 11, 2025, the move enables a clean, structured exit from the US generics space.
The exit has freed up capital and management bandwidth for innovation-led segments.
Wockhardt shares were down 0.9% at ₹1,741 apiece at 9.35 am on Monday, July 14. The stock has gained 19.6% this year, so far.
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