Shares of pharma major Lupin fell 3.3% after reports of a New Jersey US district court upholding the patent held by a unit of Johnson & Johnson's for a oral contraceptive (OC) drug Ortho Tri-Cyclen Lo.
Sun Pharma is all set to enter the lucrative oral contraceptive market in the US, but the going won’t be easy with the entrenched players like Teva and Watson dominating the market. CNBC-TV18’s Archana Shukla reports Sun will even have to take on its Indian peers like Glenmark and Lupin, who have an early mover advantage.