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As On 22-Oct-2020 EOD, Market Closed
SENSEX
40,558.49
-148.82 (-0.37%)
NIFTY
11,896.45
-41.20 (-0.35%)
    No Companies Visited

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  • Lupin launches cholesterol control drug in the US

    The drug major on Monday (28 September) announced the launch of Atorvastatin Calcium tablets having received an approval from the United States Food and Drug Administration (US FDA) earlier.



    Atorvastatin Calcium tablets USP, 10 mg, 20 mg, 40 mg, and 80 mg, is the generic equivalent of Lipitor tablets, 10 mg, 20 mg, 40 mg and 80 mg, of Pfizer Inc., and indicated to lower cholesterol in blood for adults and children over 10 years of age. It is also prescribed to lower the risk of heart attack and stroke in patients with cardiovascular diseases, diabetes and other risk factors such as eye problems, kidney diseases or high blood pressure.

    Atorvastatin Calcium Tablets USP (reference listed drug - Lipitor) had annual sales of approximately $559 million in the U.S. (IQVIA MAT July 2020).

    "The product will be manufactured at Lupin's Nagpur facility in India," the company said in the BSE filing.

    Lupin is an innovation-led transnational pharmaceutical company. The company develops and commercializes a wide range of branded and generic formulations, biotechnology products and APIs in over 100 markets.

    The company's consolidated net profit tumbled 96.5% to Rs 106.9 crore on a 9.1% decline in sales to Rs 3,468.6 crore in Q1 FY21 over Q1 FY20.

    The scrip shed 0.23% to Rs 995.50. It traded in the range of 980.70 and 1013 so far during the day.

    The stock is currently trading above its 50-day, 100-day and 200-day simple moving averages (SMA) placed at 953.13, 921.75 and 823.07 respectively.

    Back to news list
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Flash News 22-Oct-2020
  •  ( 17:25) Equitas Small Finance Bank IPO fully bid  
  •  ( 16:26) Market snaps 4-day winning run; Nifty slips below 11,900  
  •  ( 15:30) Sterlite Technologies consol. Q2 FY21 PAT down 65% YoY to Rs 55.20 cr  
  •  ( 14:06) Vedanta to consider an interim dividend on Oct. 24  
  •  ( 13:40) Bajaj Auto consol. Q2 FY21 PAT down 21.62% to Rs 1,193.97 cr  
  •  ( 12:55) Hemisphere Properties India hits lower circuit on debut  
  •  ( 12:27) Dr Reddy's Laboratories reports a cyber-attack at its data center services  
  •  ( 12:03) Sagar Cements consol. Q2 FY21 PAT up 919.70% YoY to Rs 50.17 cr  
  •  ( 11:32) Asian markets edge mostly lower  
  •  ( 11:31) Pharma shares tumble  
  •  ( 11:30) Sensex, Nifty extend losses  
  •  ( 11:00) KPIT Technologies consol. Q2 FY21 PAT up 12.09% QoQ to Rs 27.15 cr  
  •  ( 10:27) Bank stocks correct  
  •  ( 10:25) Sensex, Nifty extend losses  
  •  ( 10:05) JK Tyre & Industries consol. Q2 FY21 PAT down 35.4% YoY to Rs 108.91 cr  
  •  ( 09:29) Embassy REIT to buy property maintenance business for Rs 474 cr  
  •  ( 09:28) Positive market breadth  
  •  ( 09:21) Market trading lower  
  •  ( 08:21) Asian stocks trading lower as IMF downgrades growth forecast  
  •  ( 08:19) US stocks close slightly lower as coronavirus stimulus talks continue  
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22 October 2020 00:00
2100.25
(-0.67 %)
510.55
(1.80 %)
3009.25
(-0.24 %)
3313.15
(2.47 %)
5872.30
(-0.57 %)
430.65
(2.77 %)
2042.55
(-0.27 %)
867.10
(-0.41 %)
1232.95
(-1.13 %)
2179.35
(0.74 %)
412.95
(-1.76 %)
608.80
(-3.10 %)
1130.15
(-1.58 %)
168.55
(0.54 %)
1393.25
(-0.04 %)
936.25
(1.25 %)
605.05
(0.77 %)
6806.25
(-0.85 %)
15911.25
(-0.65 %)
84.85
(3.10 %)
68.85
(1.47 %)
164.85
(0.70 %)
2107.10
(-0.76 %)
203.30
(-0.27 %)
485.65
(-0.83 %)
409.95
(1.50 %)
2670.80
(-0.17 %)
838.10
(-0.85 %)
1229.60
(-1.23 %)
4612.40
(-0.37 %)
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