{"id":127036,"date":"2024-06-24T11:06:01","date_gmt":"2024-06-24T05:36:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=127036"},"modified":"2024-06-24T11:52:50","modified_gmt":"2024-06-24T06:22:50","slug":"pharma-stock-jumps-after-receiving-inspection-report-from-usfda-for-its-manufacturing-facility","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-receiving-inspection-report-from-usfda-for-its-manufacturing-facility\/","title":{"rendered":"Pharma stock jumps after receiving inspection report from USFDA for its manufacturing facility"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2997992100\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this pharmaceutical company gained up to 2 percent after the company received the establishment inspection Report (EIR) for its manufacturing facility in New Jersey.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2317825703\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Lupin Ltd has a market capitalization of Rs 71,861.46 crore, the shares were trading in green at Rs 1,576.35 per share, increasing around 1.04 percent as compared to the previous closing price of Rs 1,559.75 apiece.\u00a0<\/p><p>The shares of the company have seen positive movement after Lupin Ltd announced that it had received an establishment inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its manufacturing facility in Somerset, New Jersey, a voluntary action indicated.&nbsp;<\/p><p>\u201cWe are very pleased to have received the EIR with a satisfactory VAI status for our Somerset facility. This is a significant milestone in building our reputation of being best-in-class in Quality and Compliance,\u201d said Nilesh Gupta, Managing Director, Lupin.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4012661913\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Examining the company&#8217;s financial performance, revenue increased by 12 percent from Rs 4,430 crore in Q3FY24 to Rs 4,961 crore in Q4FY24 but net profit increased drastically by 52 percent from Rs 242 crore to Rs 368 crore.&nbsp;<\/p><p>The firm develops and commercializes a diverse variety of branded and generic formulations, biotechnology products, and APIs in over 100 markets including the United States, India, South Africa, Asia Pacific (APAC), Latin America (LATAM), Europe, and the Middle East.&nbsp;<\/p><p>The company is a leader in cardiovascular, anti-diabetic, and respiratory segments, with a strong presence in anti-infective, gastrointestinal (GI), central nervous system (CNS), and women&#8217;s health. Lupin is the third-largest pharmaceutical firm in the United States based on prescriptions. In FY24, the firm allocated 7.8% of sales to R&amp;D.&nbsp;<\/p><p>The company n has 15 manufacturing sites, 7 research centers, more than 20,000 professionals working globally, and has been consistently recognized as a \u2018Great Place to Work\u2019 in the Biotechnology &amp; Pharmaceuticals sector.&nbsp;<\/p><p>Lupin Limited is an Indian pharmaceutical firm. The company manufactures, develops, and markets a variety of branded and generic formulations, biotechnology products, and active pharmaceutical ingredients (APIs) worldwide.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-4135685598\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-545400652\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this pharmaceutical company gained up to 2 percent after the company received the establishment inspection Report (EIR) for its manufacturing facility in New Jersey.&nbsp; Lupin Ltd has a market capitalization of Rs 71,861.46 crore, the shares were trading in green at Rs 1,576.35 per share, increasing around 1.04 percent as compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[2383,775,9151,19834,948,936,2597],"class_list":["post-127036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates","tag-lupin","tag-lupin-india","tag-lupin-latest-news","tag-lupin-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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