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Lupin gains on launching generic MS Contin ER Tablets in US market

16 Jan 2017 Evaluate

Lupin is currently trading at Rs. 1508.00, up by 13.30 points or 0.89% from its previous closing of Rs. 1494.70 on the BSE.

The scrip opened at Rs. 1500.00 and has touched a high and low of Rs. 1513.00 and Rs. 1495.00 respectively. So far 32,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1911.55 on 09-Feb-2016 and a 52 week low of Rs. 1294.05 on 29-Mar-2016.

Last one week high and low of the scrip stood at Rs. 1525.90 and Rs. 1483.30 respectively. The current market cap of the company is Rs. 68,076.00 crore.

The promoters holding in the company stood at 46.71%, while Institutions and Non-Institutions held 41.46% and 11.83% respectively.

Lupin has launched its Morphine Sulfate ER Tablets 15 mg, 30 mg, 60 mg, 100 mg and 200 mg having received an approval from the United States Food and Drug Administration (USFDA) earlier to market a generic version of Purdue Pharma’s MS Contin ER Tablets 15 mg, 30 mg, 60 mg, 100 mg and 200 mg. MS Contin ER Tablets had US sales of $282.9 million, as per IMS MAT September 2016.

Lupin’s Morphine Sulfate ER Tablets 15 mg, 30 mg, 60 mg, 100 mg and 200 mg are the AB rated generic equivalent of Purdue Pharma’s MS Contin ER Tablets 15 mg, 30 mg, 60 mg, 100 mg and 200 mg. Morphine Sulfate ER Tablets are indicated for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate.

Lupin is a pharmaceutical company and is engaged in formulation of drugs and active pharmaceutical ingredients (APIs), generics, biotechnology, novel drug discovery and development, drug delivery systems and specialty pharmaceuticals.



Lupin Share Price

2288.50 -23.25 (-1.01%)
22-Apr-2026 09:35 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1660.20
Dr. Reddys Lab 1209.85
Cipla 1224.00
Zydus Lifesciences 924.65
Lupin 2288.50
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