Shares of this pharma company surged over 4.5% today!

Shares of this pharma company surged over 4.5% today!

by 5paisa Research Team Last Updated: Mar 29, 2023 - 03:52 pm 271 Views

The company received US FDA approval for new drugs.

About the Approval  

The pharma company LUPIN has enclosed a press release regarding the receipt of tentative approval from the US FDA for the company’s Abbreviated New Drug Application, Valbenazine Capsules, 40 mg,60 mg, and 80 mg, to the market a generic equivalent of Ingrezza Capsules, 40 mg, 60mg, and 80 mg, of neurocrine Biosciences, inc. Valbenazine Capsules had estimated annual sales of USD 1.235 billion in the U.S. at the end of December 2022.

Price Action Of LUPIN

The scrip opened at Rs 644 and touched a high and low of Rs 673.75 and Rs 641.75, respectively. Its 52-week high stood at Rs 799 whereas its 52-week low was Rs 583. The current market cap of the company is Rs 30,506 crore. Promoters hold 47.10%, whereas Foreign institutional and Domestic institutional holdings are 13.98% and 29.39%, and Public 9.51% respectively.

Company profile 

Lupin Limited is a global pharmaceutical company based in Mumbai, India. The company was founded in 1968 and has grown to become one of the largest pharmaceutical companies in India, as well as one of the largest generic drug manufacturers in the world.

Lupin develops, manufactures, and markets a wide range of pharmaceutical products in several therapeutic areas, including cardiovascular, diabetology, asthma, paediatrics, central nervous system, and gastroenterology. The company has a strong presence in the United States, Europe, and Asia, and is actively expanding its global footprint.

Lupin has a strong focus on research and development, with multiple R&D facilities in India and around the world. The company invests heavily in developing new products and improving existing ones and has a robust pipeline of generic and speciality pharmaceutical products.

In addition to its pharmaceutical operations, Lupin is also involved in other businesses such as the manufacturing of medical devices, and animal health products.


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 05, 2023
Infollion Research IPO GMP (Grey Market Premium)

Infollion Research Services IPO worth Rs.21.45 crore, comprises of a fresh issue and an offer for sale (OFS) by promoters and early shareholders. The price band has been fixed in the range of Rs80 to Rs82.

  • Jun 05, 2023
Proventus Agrocom IPO GMP (Grey Market Premium)

Proventus Agrocom IPO, worth ₹69.54 crore comprises of a fresh issue and an offer for sale (OFS) by promoters and early shareholders. The issue is a fixed price issue and the issue price has been set at ₹771 per share.

  • Jun 05, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number