‘US nod to Lupin’s anti-cholesterol drug may not fatten up firm financials’

Chennai, Aug 20 (IANS) Lupin Ltd’s anti-cholesterol drug securing USFDA approval is a positive development but may not contribute to the company’s financials in a major way, said stock broking company Angel Broking.

Angel Broking vice president research, pharma, Sarabjit Kour Nangra said Lupin got approval for key anti-cholesterol drug Fenofibrate, which is “mainly used to reduce cholesterol levels in patients at risk of cardiovascular disease”.

“Like other fibrates, it reduces low-density lipoprotein (LDL) and very low density lipoprotein (VLDL) levels, as well as increasing high-density lipoprotein (HDL) levels and reducing triglyceride levels,” she said.

According to her, though the drug is highly competitive and hence unlikely to contribute significantly to the company, its getting approval is positive as the approval has come from Lupin’s Goa plant, which underwent USFDA audit.

Questions sent to Lupin by IANS remain unacknowledged.

Meanwhile on Thursday the Lupin stock opened at BSE opened at Rs.1,820 as against previous close of Rs.1,795.45.

The stock price touched a high of Rs.1,939.90 and later changed hands at around Rs.1,892.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here