Hospital stocks: Apollo and Fortis jump after cancer drug margin cap
Hospital stocks rose on Oct. 9 except Healthcare Global Enterprises (HCG), after the government capped trade margins on non-scheduled anti-cancer drugs at 30%.
Hospital stocks, other than Healthcare Global Enterprises (HCG), traded higher on Friday, October 9, after the government capped trade margins on all non-scheduled anti-cancer drugs at 30%. The move is aimed at lowering cancer drug prices and reducing patients’ out-of-pocket expenses.