New Delhi/Mumbai, May 3 | In line with the theme for the World Asthma Day this year — ‘Closing Gaps in Asthma Care’, Alkem has launched Innohaler, a DPI device to make life easier for Asthma and COPD (Chronic Obstructive Pulmonary Disease) patients, thereby filling the prevalent gaps in Asthma care in India.
Asthma and COPD contribute majorly to the burden of Obstructive Airway Diseases (OAD). If we believe in statistics, the burden of OADs (Asthma & COPD) in India has been at an all-time high. Out of approx., nine crore patients suffering from OADs in India, less than one crore have access to the right kind of lung care.
Lung is considered as one of the most delicate and vulnerable organs susceptible to an array of diseases. Asthma and COPD are major obstructive diseases characterized by chronic obstruction of lung airflow that interferes with normal breathing. A Dry Powder Inhaler (DPI) is considered the most preferred drug delivery platform for such patients.
Alkem is all set to fill the massive gap in accessibility for the treatment of respiratory diseases in India and has further made a big leap in the pulmonology vertical by introducing Innohaler, a DPI device.
With the introduction of this device, Alkem is entering the core inhalation therapeutics and envisaging that the drug will reach the lungs effectively in each inhalation with added patient awareness and adherence programmes.
Speaking on this innovative leap, Sandeep Singh, Managing Director, Alkem Laboratories Ltd., stated, “This moment is like fulfilling our promise to millions deprived of right care in obstructive airway diseases and a reminder that we have to travel many miles further. Stepping into the core inhalation therapy with the introduction of the drug delivery platform – Innohaler – a (DPI device) we shall surely play a pivotal role in reducing the lung burden of India by propagating the right knowledge and awareness among all the stakeholders ranging from clinicians to patients.”
The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.
Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.
In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.
Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.
Source: Choice India