Volumes in that market keep growing at 10 per cent a year, but from a value perspective, the growth is single-digit at best, the firm says
The latest regulatory crackdown shows US regulator's stance is hardening toward lapses in quality control even as it seeks cheaper drugs to contain health care costs
The product is a generic version of King Pharmaceuticals Research and Development LLC's Levoxyl tablets in same strengths, Lupin said
Glenmark Pharma is continuously going down from Rs 600 levels and is not showing any sign of recovery.
Anticipated increase in remediation and compliance costs, and possible delay in drug launches is pushing analysts to cut their forward estimates
Pharma major Lupin Ltd on Thursday said it has appointed Sreeji Gopinathan as its Chief Information Officer (CIO). He will lead the IT function for Lupin globally and will be based in Mumbai. "Sreeji brings to Lupin over 20 years of significant domain expertise and global experience," Lupin said in a statement. Prior to joining Lupin, Gopinathan was with Reckitt Benckiser. He has also been associated with companies including Philips, Procter & Gamble, ISRO and Asea Brown Boveri. "With his substantial experience and ability to closely work with businesses, he will expand and invigorate our initiatives in digitisation, process automation, data management and analytics which will eventually help improve business results," Lupin Managing Director Nilesh Gupta said.
Dr Reddy's, Lupin, Sun Pharma and Cadila Healthcare outperformed the local industry growth in recent months, a trend expected to continue
A strong product pipeline and growth in India and emerging markets are positives, but regulatory hurdles, delayed drug approvals in the US could hurt prospects
Lupin will get the marketing rights for the drug in India, while Boehringer Ingelheim will hold the rights to all other markets
Company is looking at enhancing efficiencies in Japanese market which is facing pricing pressure
The company posted sales of Rs 4,355.8 crore in Q1FY20, which was up marginally from the previous quarter
The facility was inspected by the US Food and Drug Administration
Analysts are now upgrading the stock as they expect a recovery for Lupin moving forward, besides a significant improvement in the company's free cash flows
The stock dipped 6 per cent to Rs 736 on Thursday, extending its previous day's 3 per cent declined on the BSE.
The company faces charges along with other companies such as Sun Pharma, Dr Reddy's Laboratories and Wockhardt
Government had in 2018 banned Lupin's anti-diabetic drug Gluconorm-30, used to control diabetes
The distribution pattern of the product was nationwide in the US and Puerto Rico, says report
The company is focussing on first-to-market kind of opportunities with its new products
The approval makes NaMuscla the first treatment to be licensed throughout the EU for the symptomatic treatment of myotonia in adults with NOM disorders
The product is a generic version of SpecGx LLC's Anafranil capsules in the same strengths