Lupin will be watched after USFDA tentative nod for testosterone gel

Drug major Lupin announced that it has received tentative approval from the United States Food and Drug Administration (USFDA) to market a generic version of AbbVie Inc's AndraGel, 1.62%. Lupin's Testosterone Gel is the generic equivalent of AbbVie Inc.'s AndroGel. It is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone. Testosterone Gel, 1.62% (20.25 mg/1.25 gm actuation) had annual sales of approximate $956.90 million in the US (IQVIA MAT January 2018). The announcement was made after market hours yesterday, 17 April 2018.

ACC will declare its Q1 March 2018 result today, 18 April 2018.

Astrazeneca Pharma India said that leading global science-led biopharmaceutical company AstraZeneca announced its decision of further investing $90 million over the next 5 years in India. This investment commitment will span across AstraZeneca's diverse footprint in India with an aim to strengthen its manufacturing, clinical operations, patient safety & regulatory science, IT services and commercial operations. Furthermore this investment will support scientific data generation, quality manufacturing, science talent development and collaborative development of innovative solutions to improve the standard of care of non-communicable diseases in India. The announcement was made after market hours yesterday, 17 April 2018.

Jagran Prakashan announced that its board will meet on Friday, 27 April 2018 to consider the proposal for buy-back of shares. The announcement was made after market hours yesterday, 17 April 2018.

Future Consumer said it made further investment in Integrated Food Park (IFPPL), a subsidiary company, by acquiring the entire stake held by Capital Foods in IFPPL. Consequent to the aforesaid, the company's holding in IFPPL stands increased to 99.93% of the paid-up share capital of IFPPL. The announcement was made after market hours yesterday, 17 April 2018.

Indian Hume Pipe Company said it secured a work order of Rs 108.19 crore from Narmada Water Resources, Water Supply & Kalpsar Department, Gujarat for lift irrigation project for transmission 100 cusecs of water from Kherva to Visnagar. The announcement was made after market hours yesterday, 17 April 2018.

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