Lupin acquires brands ONDERO® and ONDERO MET® to expand Diabetes Portfolio in India

Global pharma major Lupin Limited (Lupin) announced today the acquisition of diabetes brands ONDERO® and ONDERO MET®, from Boehringer Ingelheim International GmbH (Boehringer Ingelheim), including the trademark rights associated with these brands. Lupin has been marketing ONDERO® and ONDERO MET® since 2015 in the Indian market as part of a comarketing agreement with Boehringer Ingelheim India.

In India, an estimated 77 million people above the age of 18 years have Type-2 Diabetes, while nearly 25 million are pre-diabetic, at higher risk of developing diabetes in the future. ONDERO® (Linagliptin) and ONDERO MET® (Linagliptin + Metformin) are the gold standard in diabetes management. This acquisition strengthens Lupin's commitment to providing superior treatment options for patients navigating the complexities of diabetes.

"Lupin is at the forefront of providing quality pharmaceutical products to patients. With the acquisition of ONDERO® and ONDERO MET®, we continue to offer a wide portfolio of products to enable access to medication for patients, and further consolidate our position as a market leader in the anti-diabetes segment," said Nilesh Gupta, Managing Director, Lupin.

Commenting on the acquisition, Rajeev Sibal, President - India Region Formulations, Lupin said, "The disease burden of diabetes is constantly increasing fueled by the prevalence of obesity and unhealthy lifestyles. This important acquisition reflects our steadfast dedication in empowering healthcare professionals to combat the growing menace of diabetes in India and significantly improve the lives of those facing this challenging disease."

Shares of Lupin Limited was last trading in BSE at Rs. 1068.15 as compared to the previous close of Rs. 1091.20. The total number of shares traded during the day was 34301 in over 2110 trades.

The stock hit an intraday high of Rs. 1095.95 and intraday low of 1064.15. The net turnover during the day was Rs. 36938897.00.

Source : Equity Bulls

Keywords

Lupin INE326A01037 BrandAcquisition DiabetesPortfolio ONDERO ONDEROMET