Lupin gains on receiving approval from USFDA for Vigabatrin for Oral Solution
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Lupin is currently trading at Rs. 751.85, up by 3.70 points or 0.49% from its previous closing of Rs. 748.15 on the BSE.
The scrip opened at Rs. 758.00 and has touched a high and low of Rs. 758.00 and Rs. 751.35 respectively. So far 6128 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1267.50 on 02-Jun-2021 and a 52 week low of Rs. 678.65 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 758.00 and Rs. 678.65 respectively. The current market cap of the company is Rs. 33999.74 crore.
The promoters holding in the company stood at 46.81%, while Institutions and Non-Institutions held 40.39% and 12.79% respectively.
Lupin has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA), Vigabatrin for Oral Solution USP, 500 mg to market a generic equivalent of Sabril for Oral Solution, 500 mg of Lundbeck Pharmaceuticals, LLC. The product will be manufactured at Lupin’s facility in Goa, India. Vigabatrin for Oral Solution USP, 500 mg (RLD Sabril) had estimated annual sales of $275 million in the U.S. (IQVIA MAT December 2021).
Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India.
