Drug maker moves 60 staff from Florida as storm hits state
Speciality assets are branded businesses for niche therapies that require sales force in the US
Lupin shares on Tuesday ended 1.36 per cent down at Rs 1,018 apiece on BSE
On account of failed dissolution specifications from the US market
Employees are often videotaped to ensure they follow standard operating procedure
Drug major Lupin is devising plans to consolidate its generic portfolio across key geographies, including the US, with a focus on expansion of complex and specialty products. The Mumbai-based company may look at acquisitions, besides enhanced investment in research and development (R&D), to achieve desired results. "Moving forward, we will consolidate on our generic portfolio while focusing on complex generics and speciality products," Lupin Vice-Chairman Kamal K Sharma said in his address to shareholders in the company's Annual Report for 2016-17. The drugmaker expects to tackle this challenge with appropriate acquisitions, calibrated investments in R&D, supported by right skill sets, he added. "This would enable us to enhance the quality of our business and transcend from the existing paradigm towards new horizons," Sharma said. Elaborating, Lupin MD Nilesh Gupta and CEO Vinita Gupta said the company will consolidate on the generic position across ...
Nifty Pharma gained over 1.5% today, making it the top performing index among other sectora
The stock up 4% to Rs 1,086, bouncing back 5% from 52-wk low of Rs 1,036 hit in intra-day trade
Lupin wins second spot with 24% growth in consolidated revenues at Rs 17,494 cr
Lupin is the market leader in 45 of the 139 products in the US' generic market
Operating performance in the March quarter also impacted by one-offs
Interview with Lupin managing director Nilesh Gupta
Manufacturing costs and other expenses rose about 30% in the quarter
Inspection was completed on April 26
Lupin dipped 3% to Rs 1,242, its fresh 32-month low on BSE in intra-day trade
US regulator's observations add to US pressure
In past one-month, the stock declined 11.7% as compared to unchanged in Sensex.
The Mumbai-based company's product is the generic version of Daiichi Sankyo Inc's Benicar tablets
The stock hit a fresh 52-week low of Rs 1,320, down 1.3% on the BSE.
Wellbutrin tablets have sales of $755 million in the American market