Lupin gains on USFDA approval for hypertension drug

The propranolol hydrochloride extended-release capsules will be manufactured at the company’s Pithampur facility

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The Lupin share price gained in the early trade on January 15 after the pharma company go the approval from the the United States Food and Drug Administration to market the generic of a hypertension drug.

At 11.01 am, Lupin was quoting at Rs 1,409.80, up Rs 11.35, or 0.81 percent,
on the BSE.

“… has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application for Propranolol Hydrochloride Extended-Release Capsules USP, 60 mg, 80 mg, 120 mg, and 160 mg, to market a generic equivalent of Inderal LA Extended- Release Capsules, 60 mg, 80 mg, 120 mg, and 160 mg, of ANI Pharmaceuticals, Inc,” the pharma company in its release.

The product will be manufactured at company’s Pithampur facility in India.

Propranolol hydrochloride extended-release capsules USP are indicated for management of hypertension, to decrease angina and to treat prophylaxis of common migraine headache.

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Earlier this month, the company launched bromfenac pphthalmic solution for the treatment of postoperative inflammation and in the reduction of ocular pain in patients who have undergone cataract surgery.

It also launched Varenicline tablets in strengths of 0.5 mg and 1 mg after the FDA nod. In December, the pharma company got the US regulator’s approval to market its generic loteprednol etabonate ophthalmic suspension for seasonal allergic conjunctivitis.