&w=3840&q=100)
Lupin shares gain 4% on Tolvaptan Tablets launch in US; details here
The uptick in Lupin's share price came after the pharma major announced the launch of Tolvaptan Tablets—15 mg, 30 mg, 45 mg, 60 mg, and 90 mg—in the United States, following recent approval received from the United States Food and Drug Administration (US FDA).
Lupin, in a release, said that it holds the exclusive first-to-file status for this product and will have 180-day generic drug exclusivity.
Tolvaptan Tablets, according to the release, are bioequivalent to Jynarque® Tablets (15 mg, 30 mg, 45 mg, 60 mg, and 90 mg) of Otsuka Pharmaceutical Company, and are indicated to slow kidney function decline in adults at risk of rapidly progressing autosomal dominant polycystic kidney disease (ADPKD).
"We are pleased to announce the launch of Tolvaptan Tablets in the US to provide ADPKD patients with increased access to high-quality treatment options,' said Vinita Gupta, CEO of Lupin.
Tolvaptan Tablets (RLD Jynarque®) had estimated annual sales of USD 1,467 million in the US for the fiscal year ended December 31, 2024.
About Lupin
Headquartered in Mumbai, Lupin is a global pharmaceutical company with products distributed in over 100 markets. Lupin specialises in pharmaceutical products, including branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients. The company enjoys a strong position in India and the US across multiple therapy areas, including respiratory, cardiovascular, anti-diabetic, anti-infective, gastrointestinal, central nervous system, and women's health. Lupin has 15 state-of-the-art manufacturing sites and 7 research centers globally, along with a dedicated workforce of over 23,000 professionals.
As of May 13, Lupin enjoys a market capitalisation of ₹95,743.36 crore on the NSE.
Lupin share price history
The company's share price has yielded a return of 4 per cent in the last one month, 3 per cent in the last three months, and 24 per cent in the last one year. However, for the year-to-date, Lupin's share price has declined 11 per cent. In contrast, the Nifty50 has advanced 4 per cent year-to-date.
The pharmaceutical company has a 52-week range of ₹2,402.90 - ₹1,493.30 per share on the NSE. At 12:20 PM on Tuesday, Lupin shares were trading at ₹2,082.50 apiece, up 2.09 per cent from its previous close of ₹2,039.80 on the NSE. In contrast, the benchmark Nifty was trading lower by 205 points or 0.82 per cent at 24,719.20.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
7 hours ago
- India Gazette
ED seizes luxury cars, Rs 78 lakh in Debock Industries scam raids
New Delhi [India], July 7(ANI): The Directorate of Enforcement (ED), Jaipur Zonal Office, conducted search operations on Friday at several locations in Jaipur and Kota districts of Rajasthan under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in the case of the Debock Industries Ltd (DIL) Scam, said the release. The searches have been conducted at the residence and office of the Chairman, i.e. Mukesh Mahavar alias Mukesh Manveer Singh of Debock Industries Limited (a NSE-listed company), and his associates. ED initiated an investigation based on an FIR registered by the Rajasthan Police against Abhishek Khandelwal, Najiya Bano and others, and a Prosecution Complaint filed by the SEBI against Debock Industries Limited, Mukesh Manveer Singh, Sunil Kalot and Priyanka Sharma. The company undertook a rights issue of shares in June 2023 and collected a sum of Rs 49.09 Crore. As per the release, during the PMLA investigation, it was discovered that these individuals had inflated share prices and cheated gullible investors for their personal gain. DIL manipulated its financial statements, submitted false bank accounts, reported fake sales and purchases, did round-tripping of funds and migrated to the main board of the National Stock Exchange for the issuance of rights shares. Further, the entire proceeds collected from the issue of rights that should have been used for legitimate business purposes have been siphoned off by the promoters and their associates. During the search operations, it was discovered that the suspects had appointed their low-level employees as Directors to mislead the stock exchanges. Furthermore, prima facie, it is found that the Directors had siphoned off monies to overseas entities, diverted this money, and invested in real estate. Furthermore, the ED has seized Rs. 78 lakh in unaccounted cash, along with four high-end luxury cars, including a Rolls-Royce Phantom, a Bentley Mulsanne, a Mercedes-Benz G-Wagon (Brabus), and a Toyota Land Cruiser. During the search, various incriminating documents related to investments in properties, banking records, and digital devices have been seized. Further investigation is under progress. (ANI)
Economic Times
8 hours ago
- Economic Times
No cutting corners on compliance rules
Sebi's recent restrictions on the US proprietary trading firm Jane Street for alleged manipulation will raise the compliance bar without affecting market depth. India is the world's largest derivatives market, particularly the segment where Jane Street is accused of entering into manipulative trades, with robust retail participation. This is typically the environment in which proprietary trading desks operate, and a low tolerance for deviant behaviour will not impact genuine interest. Sebi has been trying to curtail excessive retail speculation in the segment by increasing trading lot sizes and reducing the frequency of contract expiry. Regulatory sensitivity to abnormal trading activity will naturally be high in this scenario, and it extends to market participants operating curbs follow a prior notice to Jane Street about its trading activity and an assurance by the firm of compliance with concerns raised by NSE and Sebi . The abnormal activity was flagged some time ago, and due process has been followed. Jane Street has legal recourse against the findings, amid indications that Sebi could widen its investigation. The signal to other global trading firms expanding in India is that the market is well-governed and growing at an astonishing pace. Regulators are interested in making the market more efficient without excessive accumulation of speculative size of the Indian securities market improves its resistance to manipulation, although the regulatory stance is broadly conservative. This is guided by the recent swing in household savings behaviour in favour of equities. The young age profile of new retail investors warrants some regulatory concerns over pockets of speculative buildup, and it also raises the oversight threshold for manipulative behaviour. Technology-assisted trading poses special risks that need focused oversight. Institutional capacity is being built to oversee securities trading in the age of AI. Indian equities offer foreign investors relative stability in a world that is tearing up the globalisation playbook. The regulatory environment contributes in no small measure to this stability.
The Print
9 hours ago
- The Print
Investment of USD 75 bn needed for Indian farmers to adapt to climate change impact: IFAD President
Asked about the impact of climate change on the rural sectors, especially on small and marginal farmers, Lario said it's a key focus. In an interview to PTI, Lario said for IFAD in India, the three big questions are, 'how do we make agriculture more remunerative for farmers, how do we enhance productivity at the same time as we're tackling a lot of the climate shocks and how do we move from food security to nutrition security.' Founded in 1977 in response to a global food crisis, IFAD is a specialised United Nations agency and an international financial institution that tackles hunger and poverty in rural communities. New Delhi, Jul 6 (PTI) Investments worth around USD 75 billion is required for small-scale farmers in India to adapt to the impact of climate change, and bringing finance to rural areas is a critical challenge ahead for rural communities across the world and in India, President of the International Fund for Agricultural Development (IFAD) Alvaro Lario said. 'Small-scale farmers need approximately at least 75 billion US dollars to adapt to many of these climate shocks,' Lario told PTI. According to the 10th agriculture census of 2015-16, small and marginal farmers with less than two hectares of land account for 86.2 per cent of all farmers in India, but own just 47.3 per cent of the farming land. 'In case of India we're seeing seasonal water scarcity, rising temperatures, more frequent droughts, so there's a lot of investments that can actually support these small-scale farmers globally. In global climate finance, what we're seeing is that these small-scale producers, hundreds of millions of rural people, are only receiving less than one per cent of the overall global climate finance,' he said. Lario lauded schemes like 'soil health card', and said it gives farmers personalised recommendations on how they can improve their soil health, as well as incentives to adopt treat irrigation and other water-saving technologies. 'The challenges remain and we're seeing that many of the farmers are still struggling to adopt some of the climate smart practices. So still we need to continue investing, we are investing with the government at the central and state levels in India,' he said. 'For example in Maharashtra, in Meghalaya, Mizoram, Odisha, where we are bringing too many of these investments climate resilient practices that combine sustainability but also with income,' he said. He said it's important to focus on how these small-scale farmers can continue increasing their income through crop diversification, improved water management, or micro irrigation systems, and also creating community seed banks or using drought tolerant seeds. 'All of this is really gonna have a translation into better lives and better incomes,' he said. Lario said IFAD's priority is to mobilise financing, especially long-term financing for rural areas and deliver a long-lasting impact for those who need it most. 'We know that agriculture accounts for around 20 per cent of GDP in India and it employs around 42 per cent of the workforce. So even though there has been a lot of progress, we believe that continuing investing in pro-poor inclusive value chain and connecting small-scale producers to markets continues to be fundamental,' he said. He also stressed on bringing private capital into the sector. 'We're also trying to bring private capital, private local companies with the government by really bringing a partnership of the public, the private, and the producers themselves. We're also adopting agro-ecological approaches that are currently supporting commercially viable and sustainable value chains so that once more the goal is to improve the income of small-scale farmers and also the resilience to shock,' he said. Lario gave the example of Meghalaya, where IFAD has promoted and incubated a number of market-driven enterprises which are offering agri-entrepreneurs incubation, mentoring, credit, and access to markets. In Mizoram, he said, IFAD is promoting integrated farming, bringing together crops, livestock, agroforestry, in community-led clusters. 'We're introducing weather-based crop planning which is also enabling farmers to align the sowing with the rainfall forecast thereby reducing climate risk,' he said. He said IFAD was the first UN funded programme which received two credit ratings, and currently they're issuing bonds that are being bought by pension funds and central banks all over the world. 'We are also bringing capital and investment, especially private capital to these rural areas,' he said. 'We're currently using our own financing to co-invest with the private sector by directly investing in agri-enterprises, in local financial institutions and in value chain institutions that are very much serving small holder farmers,' he said. Lario further said the strategy is very much aligned with the Indian government's approach and over decades. According to IFAD, it has invested over USD 1.5 billion in India in the last 45 years, reaching over 6 million families. 'Our focus has been very much on investing in women, in tribal communities, small-scale producers and also on strengthening community institutions,' he added. PTI AO HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
