Drug major Lupin has received tentative approval from the US health regulator to sell Olmesartan medoximil tablets, used for treating high blood pressure, in the American market. "It has received final approval for Olmesartan medoximil tablets, 5 mg, 20 mg and 40 mg from the US Food and Drug Administration (USFDA)," Lupin Ltd said in a BSE filing today. Olmesartan medoximil tablets, generic version of Daiichi Sankyo's Benicar, are indicated for the treatment of hypertension, along with other antihypertensive agents to lower blood pressure, it added. Quoting IMS MAT September 2016 sales data, Lupin further said that Benicar tablets had annual US sales of USD 1.06 billion. Shares of the company were trading 0.71 per cent up at Rs 1,457 apiece on BSE.
US business contributes over 40 per cent to the company revenue
The stock was up 3.5% at Rs 1,463 on NSE as compared to 0.02% rise in Nifty50 index
Lupin's shares were trading at Rs 1,425 apiece on the BSE, up 1.24 per cent from their previous close
Lupin's India formulation sales grew by 12.1% to Rs 995.8 cr during Q2 FY2017 as compared to Rs 888.1 cr during Q2 FY2016
Consolidated total income jumps 29% to Rs 4,290 cr
With inspection issues out of the way, product nods will gather pace, leading to diversification of revenue stream
The stock was up 6% at Rs 1,509 on BSE, as compared to 0.8% rise in the S&P BSE Sensex att 09:26 am.
Lupin Pharmaceutical to develop multiple pediatric products utilising MonoSol Rx's proprietary PharmFilm drug delivery technology
Lupin will manufacture a generic version of Allergan's Namenda XR capsules that are used to treat dementia
Dermatology segment of Bayer's portfolio is valued at $1 bn
Horizon decided to take legal action after Lupin filed an abbreviated new drug application (Anda) for a generic version of Pennsaid
Approval is to market the company's product, a generic version of Bayer Healthcare Pharmaceuticals' Avelox tablets in the same strength
Company's shares were trading at Rs 1,524.70, up 0.14% in the afternoon trade on BSE
According to IMS MAT June sales data, Zyvox tablets had US sales of $273.6 million
Acotiamide is approved for the treatment of post meal fullness, bloating and early satiety in functional dyspepsia by the CDSCO
Company's subsidiary Gavis Pharmaceuticals has received final approval from USFDA to market potassium chloride extended release capsules
Company expects to go ahead with launches on the dermatology front this year
Lukewarm domestic sales partly offset robust growth in US business; Ebitda short of estimates
Net income from operations jumped 40% to Rs 4,439 cr