Lupin stock gains on launch of two products in Brazil

The company has launched Fillerina and Recrexina under Lupin's high-end Skin Science brand in Brazil, marking its entry in the prescription dermatology segment in the country.

Aug 23, 2018 06:08 IST India Infoline News Service

Shares of Lupin were trading ~2% up in the late morning session on Thursday after launching Fillerina and Recrexina under Lupin's high-end Skin Science brand in Brazil.

With this launch, the company has entered the prescription dermatology segment in Brazil, Lupin said in a statement to the exchanges on Thursday. Fillerina is a high-end anti-aging technology, while Recrexina is a hair-growth formulation, the company added.

As a part of the launch, the pharma company has also launched a 360-degree communications campaign in Brazil focusing on healthcare professionals, pharmacy chains, and regional and national medical associations.

Lupin share is currently at Rs903.50, up by Rs14.3 or 1.61% from its previous closing of Rs889.20 on the BSE.

The scrip opened at Rs900, and has touched a high and low of Rs916.85 and Rs892.80, respectively. So far, 36,91,380 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs40,205.47cr.

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