Lupin rises on receiving USFDA approval for generic Wellbutrin XL Tablets

10 Apr 2017 Evaluate

Lupin is currently trading at Rs. 1414.50, up by 4.15 points or 0.29% from its previous closing of Rs. 1410.35 on the BSE.

The scrip opened at Rs. 1408.00 and has touched a high and low of Rs. 1418.35 and Rs. 1398.80 respectively. So far 57922 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1750.00 on 29-Jul-2016 and a 52 week low of Rs. 1383.50 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1465.00 and Rs. 1398.80 respectively. The current market cap of the company is Rs. 63852.97 crore.

The promoters holding in the company stood at 46.69%, while Institutions and Non-Institutions held 41.24% and 12.06% respectively.

Lupin has received final approval for its Bupropion Hydrochloride Extended-Release tablets USP (XL), 150 mg and 300 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Wellbutrin XL tablets, 150 mg and 300 mg. Wellbutrin XL tablets had US sales of $755 million, as per IMS MAT December 2016.

Lupin’s Bupropion Hydrochloride Extended-Release tablets USP (XL), 150 mg and 300 mg are the AB rated generic equivalent of Valeant Pharmaceuticals North America, LLC’s Wellbutrin XL tablets, 150 mg and 300 mg. It is indicated for the treatment of major depressive disorder (MDD) and prevention of seasonal affective disorder (SAD) in adults.

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

1635.00 -52.75 (-3.13%)
14-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1545.25
Dr. Reddys Lab 5861.00
Cipla 1356.95
Zydus Lifesciences 984.75
Lupin 1635.00
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