Drug Maker

The Supreme Court Friday said the Centre and investigating agencies are not arresting big fish who are members of international drug syndicates but catching small fish like agriculturists and someone standing at a bus stand in NDPS cases. The remarks of the top court came on a bail plea of an accused who was arrested after opium was found in his fields and has served more than five years in jail. A bench of Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala said, "We must say that the Government of India and the investigating agencies are not arresting big fish. Why don't you go after international drug syndicates? Try to catch them. You are only catching small fish like agriculturists, someone standing at bus stand or other places." The top court was hearing the bail plea of Sabir who was booked under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after opium of commercial quantity was recovered by the police from his agriculture lands. Additiona

Drug maker Lupin has reported 72 per cent decline in consolidated net profit at Rs 153 crore for the third quarter ended December 31, 2022. The company had reported a net profit of Rs 545 crore for October-December period last fiscal. Total revenue from operations however increased to Rs 4,322 crore as compared with Rs 4,161 crore in the year-ago period, the company said in a statement. "Sales in the US have improved on the back of new product launches and the brand acquisition we made during the quarter. Excluding the impact of genericization on our diabetes portfolio, the India business has performed in line with the market," Lupin's Managing Director Nilesh Gupta stated. With the recent sales force expansion and new product launches, the company expects to be back to above-market growth, he added. Shares of the company were trading 3.74 per cent down at Rs 745.10 apiece on the BSE.

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