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21-Aug2018

Lupin spurts on receiving USFDA's nod for generic Hydrocortisone Butyrate Lotion

Lupin is currently trading at Rs. 875.60, up by 5.80 points or 0.67% from its previous closing of Rs. 869.80 on the BSE.

The scrip opened at Rs. 868.05 and has touched a high and low of Rs. 881.00 and Rs. 865.50 respectively. So far 104548 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1090.00 on 30-Oct-2017 and a 52 week low of Rs. 723.55 on 15-May-2018.

Last one week high and low of the scrip stood at Rs. 891.80 and Rs. 825.70 respectively. The current market cap of the company is Rs. 39590.54 crore.

The promoters holding in the company stood at 47.01%, while Institutions and Non-Institutions held 37.89% and 15.10% respectively.

Lupin has received final approval for its Hydrocortisone Butyrate Lotion, 0.1% from the United States Food and Drug Administration (USFDA) to market a generic version of PreCision Dermatology, Inc.'s (PreCision) Locoid Lotion, 0.1%.

Lupin's Hydrocortisone Butyrate Lotion, 0.1% is the generic version of PreCision's Locoid Lotion, 0.1%. It is a corticosteroid indicated for the topical treatment of mild to moderate atopic dermatitis in patients 3 months of age and older. Hydrocortisone Butyrate Lotion, 0.1% had annual sales of approximately $13.8million in the US (IQVIA MAT April 2018).

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


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