Lupin advances on receiving USFDA approval for generic Seroquel XR Tablets

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

19 May 2017 Evaluate

Lupin is currently trading at Rs. 1313.65, up by 8.75 points or 0.67% from its previous closing of Rs. 1304.90 on the BSE.

The scrip opened at Rs. 1315.00 and has touched a high and low of Rs. 1319.60 and Rs. 1310.05 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1750.00 on 29-Jul-2016 and a 52 week low of Rs. 1242.50 on 09-May-2017.

Last one week high and low of the scrip stood at Rs. 1320.00 and Rs. 1254.00 respectively. The current market cap of the company is Rs. 59,333.77 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 Quetiapine Fumarate Extended-Release Tablets, 50 mg, 150 mg, 200 mg, 300 mg and 400 mg from the United States Food and Drug Administration (USFDA) to market a generic version of AstraZeneca Pharmaceuticals LP’s Seroquel XR Tablets 50 mg, 150 mg, 200 mg, 300 mg and 400 mg. Seroquel XR Extended-Release Tablets had US sales of $1.27 billion, according to IMS MAT March 2017.

Lupin’s Quetiapine Fumarate Extended-Release Tablets, 50 mg, 150 mg, 200 mg, 300 mg and 400 mg are the AB rated generic equivalent of AstraZeneca Pharmaceuticals LP’s Seroquel XR Tablets 50 mg, 150 mg, 200 mg, 300 mg and 400 mg. It is indicated for the treatment of schizophrenia; acute manic or mixed episodes in bipolar disorder alone or as an adjunct to lithium or divalproex; acute depressive episodes in bipolar disorder; maintenance treatment of bipolar disorder, as an adjunct to lithium or divalproex and as an adjunctive therapy to antidepressants for the treatment of major depressive disorder.

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally.

Lupin Share Price

2377.90 -81.85 (-3.33%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1847.30
Dr. Reddys Lab	1293.25
Cipla	1347.70
Zydus Lifesciences	938.90
Lupin	2377.90
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