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Lupin gains on the buzz of receiving tentative USFDA approval for Niacin oral tablets

02 Jan 2014 Evaluate

Lupin is currently trading at Rs. 918.50, up by 1.90 points or 0.21 % from its previous closing of Rs. 916.60 on the BSE.

The scrip opened at Rs. 915.00 and has touched a high and low of Rs. 921.70 and Rs. 913.20 respectively. So far 9958 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 946.35 on 11-Oct-2013 and a 52 week low of Rs. 569.00 on 01-Mar-2013.

Last one week high and low of the scrip stood at Rs. 929.00 and Rs. 901.00 respectively. The current market cap of the company is Rs. 41066.47 crore.

The promoters holding in the company stood at 46.78 % while Institutions and Non-Institutions held 43.52 % and 9.69 % respectively.

Lupin has reportedly received tentative US Food & Drug Administration (USFDA) approval to sell Niacin oral tablets of strength 500 mg, 750 mg and 1000 mg in the US market. The company has semi-exclusivity for the drug and will launch the drug after getting final approval from the USFDA. The drug Niacin is used in treatment of cardiovascular diseases as it increases HDL cholesterol levels.

Earlier on December 18, 2013, the company’s US subsidiary-Lupin Pharmaceuticals Inc had launched Abacavir Sulfate, Lamivudine, and Zidovudine Tablets, 300mg (base) / 150mg / 300mg in the US after the US District Court for the District of Delaware ruled that the Lupin’s generic version of Trizivir did not infringe on patents.

Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded and generic formulations and APIs globally.

Lupin Share Price

2272.30 23.60 (1.05%)
05-Jun-2026 11:03 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1793.00
Dr. Reddys Lab 1277.05
Cipla 1388.10
Zydus Lifesciences 1089.75
Lupin 2272.30
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