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Lupin rises on entering into strategic development for Generic Advair Diskus

18 Feb 2015 Evaluate

Lupin is currently trading at Rs. 1667.35, up by 8.40 points or 0.51% from its previous closing of Rs. 1658.95 on the BSE.

The scrip opened at Rs. 1678.10 and has touched a high and low of Rs. 1685.80 and Rs. 1664.45 respectively. So far 18013 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1692.50 on 13-Feb-2015 and a 52 week low of Rs. 900.00 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs. 1692.50 and Rs. 1540.00 respectively. The current market cap of the company is Rs. 75038.41 crore.

The promoters holding in the company stood at 46.66% while Institutions and Non-Institutions held 42.51% and 10.83% respectively.

Lupin and Celon Pharma S.A. (Celon) have entered into a definitive agreement under which the companies will jointly develop fluticasone/salmeterol dry powder inhaler (DPI) product which is a generic version of GlaxoSmithKline’s Advair Diskus. The company will be responsible for commercialization of the product.

Celon will supply the product to Lupin for its commercialization in the United States, Canada, Mexico, and other key markets. GlaxoSmithKline’s Advair Diskus had global sales of over $7 billion as of last fiscal.

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded and generic formulations as well as biotechnology products and APIs globally. The company is a significant player in the Cardiovascular, Diabetology, Asthma, Pediatric, CNS, GI, Anti-Infective and NSAID space and holds global leadership positions in the Anti-TB and Cephalosporin segment.

 

Lupin Share Price

2311.75 -16.85 (-0.72%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1665.25
Dr. Reddys Lab 1220.75
Cipla 1232.90
Zydus Lifesciences 928.85
Lupin 2311.75
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