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  1. Lupin Goa plant gets USFDA nod, shares surge over 6%

Lupin Goa plant gets USFDA nod, shares surge over 6%

Lupin share price zoomed over 6 per cent on Thursday after the pharma major announced that it has received notification that the inspection carried out by the USFDA in July 2015 at its Goa facility is now closed and the agency has issued an Establishment Inspection Report (EIR)

By: | New Delhi | Updated: July 7, 2016 4:12 PM
Lupin shares bse sensex Lupin shares closed 6.25 per cent up at Rs 1657.30. (Photo: Reuters)

Lupin share price zoomed over 6 per cent on Thursday after the pharma major announced that it has received notification that the inspection carried out by the USFDA in July 2015 at its Goa facility is now closed and the agency has issued an Establishment Inspection Report (EIR).

Lupin shares closed 6.25 per cent up at Rs 1657.30. The scrip opened at Rs 1563 and has touched a high and low of Rs 1695.95 and Rs 1551.05, respectively, in trade. Sensex settled 34.62 points up at 27,201.49.

The responses from March 2016 USFDA inspection and updates thereafter are still under review by the agency.

For the quarter ended March 31, 2016, Lupin reported a consolidated net profit of Rs 807.08 crore, up 47.54 per cent, against Rs 547.01 crore in the corresponding quarter a year ago.

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