Lupin receives FDA nod for generic Nuvigil Tablets; Stock up 1%

India Infoline News Service | Mumbai | November 30, 2016 09:26 IST

Lupin's Armodafinil Tablets 50 mg, 150 mg, 200 mg and 250 mg are the AB rated generic equivalents of Cephalon, Inc's Nuvigil Tablets 50 mg, 150 mg, 200 mg and 250 mg.

Pharma Major Lupin Limited (lupin) announced today that its US subsidiary Lupin Pharmaceuticals, Inc. (LPI) has received final approval for its Armodafinil Tablets 50 mg, 150 mg, 200 mg and 250 mg from the United States Food and Drug Administration (FDA) to market a generic version of Cephalon, Inc's Nuvigil Tablets 50 mg, 150 mg, 200 mg and 250 mg. LPI shall commence promoting the product in the US shortly.

Lupin's Armodafinil Tablets 50 mg, 150 mg, 200 mg and 250 mg are the AB rated generic equivalents of Cephalon, Inc's Nuvigil Tablets 50 mg, 150 mg, 200 mg and 250 mg. Armodafinil tablets are indicated to improve wakefulness in adult patients with excessive sleepiness associated with obstructive sleep apnea (OSA), narcolepsy or shift work disorder (SWD).

Nuvigil Tablets had US sales of $ 515.6 million (IMS MAT September 2016).

Stock Commentary:

Lupin Ltd is currently trading at Rs 1536.55, up by Rs 19.5 or 1.29% from its previous closing of Rs 1517.05 on the BSE.

The scrip opened at Rs 1536.7 and has touched a high and low of Rs 1545.55 and Rs 1530 respectively. So far 217100 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 68470.1 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1911.55 on 09-Feb-2016 and a 52 week low of Rs 1294.05 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs 1523 and Rs 1417.1 respectively.

The promoters holding in the company stood at 46.74 % while Institutions and Non-Institutions held 41.85 % and 11.41 % respectively.

The stock is currently trading above its 200 DMA.
BSE 1,507.70 [20.35] ([1.33]%)

***Note: This is a NSE Chart

 

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