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Drug firm Lupin today said its Japanese subsidiary will donate ¥10 million to the Japanese Red Cross in the wake of the recent earthquake and tsunami that hit the country.
“Kyowa Yakuhin, Lupin’s subsidiary, would be donating ¥10 million to the Japanese Red Cross, apart from donations in the form of medicines,” Lupin Ltd said in a filing to the Bombay Stock Exchange (BSE).
Commenting on the initiative, Lupin Ltd AAMLA & Business Development President, Mr Vinod Dhawan said: “This is indeed an unprecedented event...Have taken a small step forward to extend our support and solidarity with the Japanese people.”
Kyowa is one of the largest generic players in the neurology segment, Lupin added.
Shares of the company were trading at Rs 381 in the afternoon trade on the BSE, down 3.34 per cent from its previous close.
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