Lupin receives approval for Droxidopa Capsules

Global pharma major Lupin Limited (Lupin) today announced that it has received approval for its Droxidopa Capsules, 100 mg, 200 mg, and 300 mg, from the United States Food and Drug Administration, to market a generic equivalent of Northera® Capsules, 100 mg, 200 mg, and 300 mg, of Lundbeck NA Ltd. The product will be manufactured at Lupin's facility in Nagpur, India.

Droxidopa Capsules, 100 mg, 200 mg, and 300 mg, are indicated for the treatment of orthostatic dizziness, lightheadedness, or the "feeling that you are about to black out" in adult patients with symptomatic neurogenic orthostatic hypotension (nOH) caused by primary autonomic failure (Parkinson's disease, multiple system atrophy, and pure autonomic failure), dopamine betahydroxylase deficiency, and non-diabetic autonomic neuropathy.

Droxidopa Capsules (RLD: Northera®) had estimated annual sales of USD 352 million in the U.S.(IQVIA MAT December 2020).

Shares of LUPIN LTD. was last trading in BSE at Rs.1021.45 as compared to the previous close of Rs. 1048.95. The total number of shares traded during the day was 130906 in over 4038 trades.

The stock hit an intraday high of Rs. 1055.45 and intraday low of 1016.95. The net turnover during the day was Rs. 135791352.

Source : Equity Bulls

Keywords