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Gong-Ringing Ceremony of AGP at PSX

KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2.8 billion from foreign institutional investors, local institutions and general public.

At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share.

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AGP launches yet another broad spectrum antibiotic, Neogene in Jan 2018. It is used in injectable form for the treatment of number of bacterial infections. It is also used before and after the surgical procedures to prevent infections.

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