Lupin launches cataract surgery pain reduction drug; share price gains

The share touched a 52-week high of Rs 1,429.95 and a 52-week low of Rs 628.10 on January 5, 2024 and March 31, 2023, respectively.

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Lupin share price rose 1 percent in early trade on January 10 after the company launched Bromfenac Ophthalmic Solution, 0.07%, after having received an approval from the United States Food and Drug Administration (USFDA).

At 09:21 hrs Lupin was quoting at Rs 1,408.60, up Rs 12.55, or 0.90 percent, on the BSE.

The company is the exclusive first-to-file for this product and is eligible for 180-day exclusivity.

Bromfenac Ophthalmic Solution, 0.07% is the generic equivalent of Prolensa Ophthalmic Solution, 0.07%, made by Bausch & Lomb Inc. It is used in the treatment of postoperative inflammation and in the reduction of ocular pain in patients who have undergone cataract surgery.

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Last week, the company received the American regulator’s nod for its abbreviated new drug application for dapagliflozin and saxagliptin tablets.

In December 2023, the pharma company got FDA’s approval to market its generic loteprednol etabonate ophthalmic suspension for seasonal allergic conjunctivitis.

The share touched a 52-week high of Rs 1,429.95 and a 52-week low of Rs 628.10 on January 5, 2024 and March 31, 2023, respectively.

Currently, the stock is trading 1.49 percent below its 52-week high and 124.26 percent above its 52-week low.