Lupin stock may shine on USFDA approval

Updated - December 19, 2019 at 10:34 PM.

 

Lupin Ltd in alliance with Concord Biotech has received approval from the United States Food and Drug Administration for Mycophenolic Acid Delayed-Release Tablets USP, 180 mg and 360 mg. The drug is indicated for prophylaxis of organ rejection in adult patients receiving kidney transplants and in pediatric patients of at least 5 years of age and older who are at least 6 months into the post-kidney transplant phase. The drug has an annual sales of approximately $174 million in the US.

Published on December 19, 2019 17:04