Feb 28, 2013, 07.53 AM IST | Source: CNBC-TV18

Lupin gets nod for Suprex drops; to boost market: CFO

S Ramesh, CFO, Lupin, says that the company has received approval for Suprax drops. He also believes that the drop could help in expanding the market for Suprax. Suprax has gross sales of about USD 800 million and ranges across various strengths.

We believe that the drops could actually help in expanding the market for Suprax.

S Ramesh

President, Finance & Planning

Lupin

S Ramesh, CFO, Lupin , says that the company has received approval for Suprax drops. He also believes that the drop could help in expanding the market for Suprax. Suprax has gross sales of about USD 800 million and ranges across various strengths. 

Below is the edited transcript of his interview to CNBC-TV18.

Q: Lupin just received approval for Suprax drops; what opportunity does it present to Lupin and what is the incremental upside for the Suprax brand?

A: Ever since we launched Suprax about seven years ago, we have been looking at life cycle management. This is one further step in the lifecycle management of Suprax. We believe that the drops could actually help in expanding the market for Suprex. Suprax has gross sales of about USD 800 million and ranges across various strengths.

We started with single strength, we have moved on to double strength, moved on to chewable tablets, then 400 mg tablets and now we have moved to drops.  We believe that the market for this drop would expand because we could replace other forms ranging from Omnicef and others. And to that extent, this would be good for the company in the long run.

Q: How do you think it will contribute to the US branded franchise? Another thing is about Antara. With Mylan’s at-risk launch for Antara how much of risk does that product line face for Lupin?

A: The brands portfolio is very important to us because it mitigates the risk of volatility in earnings. We would like to keep it between 25-30 percent of the overall portfolio of revenues. Currently, we have only three products and Suprax is the main stay there. Antara has some problems for going generic. We are looking at expanding the portfolio in terms of in licensing products in the short-term and in the long term we would look at products from our own portfolio.

 

Lupin stock price

On April 17, 2014, Lupin closed at Rs 958.70, up Rs 5.65, or 0.59 percent. The 52-week high of the share was Rs 1012.00 and the 52-week low was Rs 648.20.


The company's trailing 12-month (TTM) EPS was at Rs 42.06 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 22.79. The latest book value of the company is Rs 108.10 per share. At current value, the price-to-book value of the company is 8.87.

READ MORE ON  Lupin, Suprax, Mylan, at-risk, Antara
Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

579.11 -4.87 -0.83%

32683

Bought today

158272

Sold today

0.2%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.