S Ramesh, CFO of Lupin, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, said that this agreement might bear fruit in five-six quarters. He also stated that Lupin wants a positive development in this particular area.
Drugmaker Lupin said on Wednesday it signed a licensing agreement with Sydney-based private speciality lifescience company NeuClone P Ltd for cell line technology.
Lupin inks licensing agreement with NeuClone for Cell Line Tech, reports CNBC-TV18. It touched an intraday high of Rs 476 and an intraday low of Rs 460.60. At 14:06 hrs the share was quoting at Rs 464.35, down Rs 5.50, or 1.17%.