Lupin on Wednesday received preliminary approval from the US FDA to market a generic equivalent of GlaxoSmithKline Plc‘s ViiV Healthcare‘s (ViiV) antiretroviral (ARV) Lexiva tablets in 700 milligram dosage form. This product was filed from the company's Goa plant which has run into a problem with the US FDA
Praful Bohra, Ananlyst, Religare Enterprises says this is not “an incrementally negative news†because sales of this drug have already been halted.
In an interview with CNBC-TV18‘s Sonia Shenoy & Latha Venkatesh, Praful Bohra, VP- Research, Religare said that Lupin‘s numbers are weak due to decline in the US business.
Praful Bohra of Nirmal Bang Institutional Equities feels Lupin‘s deal with Merck Serano will help the former to make way into incremental markets. Further, he has a positive call on the stock, as he believes recent initiatives taken by the pharma major will be beneficial for business in medium term.