Jersey brand

Lupin’s New Jersey branch gets thirteen sightings

The after-hours pharmaceutical major announced on Thursday that its wholly owned subsidiary Novel Laboratories based in Somerset, New Jersey (USA) had received thirteen observations from the USFDA.

The facility was subject to a USFDA inspection from March 7, 2022 through March 30, 2022.

Lupine promised to respond to those comments and said he would work closely with the agency to address their concerns. Additionally, the company said the observations will not impact the disruption of supplies or existing revenue from operations. The facility contributes less than 5% of the company’s global revenue.

The drugmaker has ensured compliance with good manufacturing practice standards at all of its facilities.

Lupine is a transnational pharmaceutical company. The company develops and markets a wide range of branded and generic formulations, biotechnology products and APIs in more than 100 markets in the United States, India, South Africa and Asia-Pacific (APAC) regions, Latin America (LATAM), Europe and Middle East. .

The company’s consolidated net profit jumped by 24.47% to Rs 545.52 crore on a 3.57% increase in total operating income to Rs 4160.93 crore in Q3 FY22 compared to Q3 FY21.

Shares of Lupine were trading up 1.36% at Rs 756.20 on BSE.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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