Lupin is currently trading at Rs. 812.90, up by 8.35 points or 1.04% from its previous closing of Rs. 804.55 on the BSE.

lupin surges on getting tentative usfda approval for mirabegron extended release tablets

The scrip opened at Rs. 800.05 and has touched a high and low of Rs. 816.90 and Rs. 800.05 respectively. So far 3322 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 816.90 on 1-June-2023 and a 52 week low of Rs. 592.55 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 816.90 and Rs. 770.05 respectively. The current market cap of the company is Rs. 36612.06 crore.

The promoters holding in the company stood at 47.08%, while Institutions and Non-Institutions held 42.52% and 10.40% respectively.

Lupin has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application for Obeticholic Acid Tablets, 5 mg and 10 mg, a generic equivalent of Ocaliva Tablets, 5 mg and 10 mg, of Intercept Pharmaceuticals, Inc. This product will be manufactured at Lupin’s Nagpur facility in India. Obeticholic Acid Tablets (RLD Ocaliva) had estimated annual sales of $262 million in the U.S. (IQVIA MAT March 2023).

Lupin is an innovation led transnational pharmaceutical company producing, developing and marketing a wide range of branded and generic formulations, biotechnology products and active pharmaceutical ingredients (APIs) globally.