Company's CFO said launch of Methergine oral tablets will have a positive impact on Lupin's US revenues
The company has re-introduced Methergine Oral tablets 0.2mg for the management of PPH
The drug, Methergine, is the only FDA approved oral uterotonic and Lupin has created of a specialised sales force to drive product sales
The product is generic version of Warner Chilcott's Femhrt tablets in the same strengths, Lupin said
The US arm has launched Zolpidem Sublingual Tablets, 1.75mg & 3.5mg used for treatment of insomnia
Reacting to the news, stock of Lupin was trading at Rs 1,465.30 on BSE, up 0.27% from the previous close
Stocks fell for a second day in volatile trading, as drugmakers countered advances in automakers before the expiry of the monthly derivatives series on Thursday
Audit was conducted at Mandideep location; observations received are minor in nature and will not lead to disruption of product supply
At 10:43 AM, the Nifty Pharma index was down 4% as compared to a marginal 0.14% decline in the Nifty 50 index
The stock dipped 7% to Rs 1,736 on the BSE in intra-day trade.
US business contributes around 45% of Lupin's revenue.