Lupin gains on entering into strategic co-marketing agreement with Boehringer Ingelheim

14 Oct 2015 Evaluate

Lupin is currently trading at Rs. 2048.20, up by 24.90 points or 1.23% from its previous closing of Rs. 2023.30 on the BSE.

The scrip opened at Rs. 2033.00 and has touched a high and low of Rs. 2051.00 and Rs. 2025.75 respectively. So far 712798 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2127.00 on 06-Oct-2015 and a 52 week low of Rs. 1307.10 on 16-Oct-2014.

Last one week high and low of the scrip stood at Rs. 2103.00 and Rs. 2003.00 respectively. The current market cap of the company is Rs. 92055.70 crore.

The promoters holding in the company stood at 46.56% while Institutions and Non-Institutions held 43.45% and 9.99% respectively.

Pharma major Lupin and Boehringer Ingelheim have entered into a joint strategic alliance for co-marketing linagliptin, a novel Dipeptidylpeptidase-4 (DPP-4) inhibitor in India. Boehringer Ingelheim, one of the fastest growing multinational pharmaceutical company in India has a strong presence in the DPP-4 Inhibitors market in India which is growing at 27%.

According to the agreement, the company will market and sell linagliptin under a separate brand name Ondero (monotherapy) and Ondero Met (fixed-dose combination with metformin) which will be promoted by the company’s 400 strong dedicated Diabetes specialty field force. Boehringer Ingelheim will continue to sell its linagliptin under the brand names Trajenta (monotherapy) and TrajentaDuo (fixed-dose combination with metformin) through their existing sales force and network.

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded & generic formulations, 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

1601.00 -4.35 (-0.27%)
14-Jun-2024 16:01 View Price Chart
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