Lupin’s wholly-owned subsidiary -- Generic Health has entered into a definitive agreement under which Lupin will acquire 100% of the shares of Southern Cross Pharma Pty (SCP). As a part of the transaction, Generic Health will gain access to over 60 registered products having sales of over Australian dollar 30 million (approximately $22 million). This will significantly increase Lupin’s value proposition and market share in the Australian market.
Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai, India.