The pharma major acquired a portfolio of central nervous drug system drugs, including NaMuscla, through its acquisition of German drug maker Temmler Pharma in 2015
Growth depends on key regulatory approvals
The drug maker will earn over $1 billion in fee, milestone payments, royalties from US firm
A total fine of 315 million Euros have been upheld on six companies.
Chronic therapies refer to drugs for ailments which are chronic in nature such as diabetes, hypertension, etc
The stock dropped 4.13 per cent to end at Rs 852.20 on the BSE. Intra-day, it declined 4.49 per cent to Rs 849
Most neighbouring countries recognise the Brazilian drug regulator's approvals
The CHMP's positive opinion will now be reviewed by the European Commission (EC), which has the authority to approve medicines for the European Union (EU), the Mumbai-based firm added
Japanese subsidiaries of Lupin produce treatments in therapeutic areas, including psychiatry and neurology
Shares of Lupin were today trading at Rs 903 per scrip on BSE, down 0.07 per cent from its previous close
North America sales fall by a quarter, indicating intense pricing pressures
The unit was inspected by United Kingdom's Medicines and Healthcare products Regulatory Agency in March 2018 and there were no critical or major observations cited
The two drugs, Gibtulio Met and Ajaduo, will be co-marketed simultaneously by Boehringer Ingelheim and Lupin across India under different brand names
In past one month, Lupin has outperformed the market by surging 23% as compared to 1.4% rise in the S&P BSE Sensex.
Lupin's Japan story assumes significance as it held on to the highly regulated market, when most of its Indian peers quit
Under the terms of the agreement, Lupin will receive an up-front payment of $15 million and potential commercial milestones together with an equal share in net profits of the product.
Etanercept is used in treatment of auto immune diseases such as rheumatoid arthritis, plaque psoriasis, psoriatic arthritis and ankylosing spondylitis
Lupin's product is the generic equivalent of Novartis Pharmaceuticals Corp's Methergine
But the going is still tricky
At 10:41 am; the stock was trading 3% higher at Rs 808 after rallied 7% to Rs 843 on the NSE in intra-day trade