Lupin strengthens on getting USFDA nod for Quetinpine Furmarate tablet

Lupin Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 500257 | NSE: LUPIN

28 Mar 2012 Evaluate

Lupin is currently trading at Rs. 515.20, up by 2.65 points or 0.52% from its previous closing of Rs. 512.55 on the BSE.

The scrip opened at Rs. 510.00 and has touched a high and low of Rs. 518.05 and Rs. 510.00 respectively. So far 7869 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 527.40 on 22-Mar-2012 and a 52 week low of Rs. 400.50 on 29-Mar-2011.

Last one week high and low of the scrip stood at Rs. 527.40 and Rs. 485.00 respectively. The current market cap of the company is Rs. 23069.04 crore.

The promoters holding in the company stood at 46.93% while Institutions and Non-Institutions held 43.44% and 9.63% respectively.

Lupin, country’s pharma major has received final approval for its Quetinpine Furmarate tablet 25mg, 50mg, 100mg, 200mg, 300mg and 400 mg strengths from the US Food and Drugs Administration (FDA). Quetinpine Furmarate tablet is AB rated generic equivalent of AsrtraZenca’s Seroquel tablet (25, 50, 100, 200, 300 and 400mg).

The company has already started shipping the product. Quetinpine is a psychotropic agent, indicated for treatment of schizophrenia and acute treatment of manic episodes associated with bipolar I disorder, both as monotherapy. It is also indicated as monotherapy for the acute treatment of depressive episodes associated with bipolar disorder and for the maintenance treatment of bipolar disorder as an adjunct to lithium or divalprocx. As per IMS Health, December 2011, AsrtraZenca’s Seroquel had sales of $4.6 billion.

Lupin has a vibrant presence in the Indian pharmaceuticals market and has over the past several years made major strides in expanding its therapy portfolio. The company has a robust promotion and distribution setup along with a strong presence in various therapeutic areas, including the fast growing diabetes market.

Lupin Share Price

2459.75 17.40 (0.71%)

07-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1834.40
Dr. Reddys Lab	1306.80
Cipla	1362.85
Zydus Lifesciences	940.10
Lupin	2459.75
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