An Australian court has asked Generic Health to pay A$30 million to Bayer Pharmaceuticals
About 25 products to be launched next year will only partly compensate price erosion
Nilesh Gupta, managing director for Mumbai based pharma major Lupin is trying to reset investors expectation as its mojo in the US market is set to get weaker in the near term.The company that reported Rs 12,958 crore revenue in the nine months of current financial earns about 48% from the US markets. "With one of the strongest pending pipelines in the US at its disposal, the company is well poised to address the pricing issue," said Siddhant Khandekar, analyst with ICICI Securities in its recent report. "We expect US sales to grow at 18% CAGR in FY16-19E to Rs 9642 crore," the report said.Following the $880 million acquisition of Gavis in 2015, the company has stepped-up product launches and ramped-up specialty drugs offering to protect its revenue from the US market.It owns one of the strongest ANDA (Abbreviated New Drug Application) pipeline comprising 344 filed and 137 pending approvals including 44 FTFs (First to File). This acquisition has strengthened its position in ...
Interview with the managing director of Lupin
New products expected to offset price erosion in the US
Shares of Lupin were trading 0.48 per cent higher at Rs 1,454.80 on the BSE
Kyowa Pharmaceutical has entered into an agreement with Astellas Pharma
The product is generic version of Endo Pharmaceuticals Inc's Hycodan oral solution in same strength
It now has a portfolio of 128 generic products in the US market
Helped by higher sales of its diabetes products in the United States
Shares of Lupin were trading 1.86 per cent higher at Rs 1,489 apiece on BSE
Drug major Lupin has received tentative approval from the US health regulator to sell Olmesartan medoximil tablets, used for treating high blood pressure, in the American market. "It has received final approval for Olmesartan medoximil tablets, 5 mg, 20 mg and 40 mg from the US Food and Drug Administration (USFDA)," Lupin Ltd said in a BSE filing today. Olmesartan medoximil tablets, generic version of Daiichi Sankyo's Benicar, are indicated for the treatment of hypertension, along with other antihypertensive agents to lower blood pressure, it added. Quoting IMS MAT September 2016 sales data, Lupin further said that Benicar tablets had annual US sales of USD 1.06 billion. Shares of the company were trading 0.71 per cent up at Rs 1,457 apiece on BSE.
US business contributes over 40 per cent to the company revenue
The stock was up 3.5% at Rs 1,463 on NSE as compared to 0.02% rise in Nifty50 index
Lupin's shares were trading at Rs 1,425 apiece on the BSE, up 1.24 per cent from their previous close
Lupin's India formulation sales grew by 12.1% to Rs 995.8 cr during Q2 FY2017 as compared to Rs 888.1 cr during Q2 FY2016
Consolidated total income jumps 29% to Rs 4,290 cr
With inspection issues out of the way, product nods will gather pace, leading to diversification of revenue stream
The stock was up 6% at Rs 1,509 on BSE, as compared to 0.8% rise in the S&P BSE Sensex att 09:26 am.
Lupin Pharmaceutical to develop multiple pediatric products utilising MonoSol Rx's proprietary PharmFilm drug delivery technology