Lupin inches up on getting USFDA’s nod for Arformoterol Tartrate Inhalation Solution
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Lupin is currently trading at Rs. 788.85, up by 1.05 points or 0.13% from its previous closing of Rs. 787.80 on the BSE.
The scrip opened at Rs. 790.55 and has touched a high and low of Rs. 796.10 and Rs. 787.85 respectively. So far 22827 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. 784.60 on 08-Feb-2022.
Last one week high and low of the scrip stood at Rs. 916.00 and Rs. 784.60 respectively. The current market cap of the company is Rs. 35796.42 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), Arformoterol Tartrate Inhalation Solution 15 mcg (base)/2 ml, Unit-dose Vials to market a generic equivalent of Brovana Inhalation Solution, 15 mcg /2 ml of Sunovion Pharmaceuticals Inc. (Sunovion).
Arformoterol Tartrate Inhalation Solution 15 mcg (base)/2 ml, Unit-dose Vials are indicated for the long-term maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and emphysema. Arformoterol Tartrate Inhalation Solution is for use by nebulization only. Arformoterol Tartrate Inhalation Solution (RLD: Brovana Inhalation Solution) had estimated annual sales of $251 million in the U.S. (IQVIA MAT December 2021).
Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India.
