Drug major Lupin Ltd on Wednesday said it is voluntarily recalling its diabetes treatment drug Metformin Hydrochloride extended-release tablets in the US market
Sources say Cipla-BDR's favipiravir will be at least 30 per cent cheaper than Glenmark's price of Rs 103 per tablet. Cipla did not confirm.
Lupin's stock is making a higher top and higher bottom pattern on the daily chart
The Mumbai-based company's drug NaMuscula (mexiletine hydrochloride) is the first and only licensed product to treat myotonia in adults with non-dystrophic myotonic (NDM) disorders
Resolution of compliance issues at Goa, Indore plants are other triggers
Expects US approval for Albuterol soon
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
A total of 24 companies, including TVS Motor, Lupin, and Federal Bank, are scheduled to announce their March quarter results today
The second of a 3-part series discusses precautions taken by firms to keep employees safe
Primary trend of the stock is positive where stock price is trading above its 100 and 200-day SMA
Currently, Rakesh Jhunjhunwala and his family's net worth in listed companies stands at Rs 8,517 crore, compared to Rs 8,388 crore as on March 31, 2020.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Lupin Managing Director Nilesh Gupta, said the company has received the EIR for the plant with Voluntary Action Indicated (VAI) status
The recent gains came on Monday after the company received the USFDA approval for its Nagpur facility
The company's shares surged 4.14% to Rs 820.40 after they received the inspection report (EIR) from the US drug regulator
The Center at Coral Springs, Florida, focuses on research and development of respiratory products for the treatment of asthma, chronic obstructive pulmonary diseases and other respiratory ailments.
Stock of Lupin is showing sign of oversold on RSI indicator. Breakout from the level of 638 would lead stock to witness more upward movement.
Once the banking stocks start chipping in, the Nifty is likely to reclaim 12,220 - 12,300 in coming weeks
Consolidated sales of the company stood at Rs 3,716 crore for the quarter under consideration