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LUPIN - Lupin News Story

₹1178.45 -33.8  -2.8%

Last Trade - 14/05/21

Large Cap
Market Cap £5.18bn
Enterprise Value £5.26bn
Revenue £1.47bn
Position in Universe 82nd / 3111

BUZZ-India's GlaxoSmithKline Pharma falls 3% after heartburn drug recall

Thu 26th September, 2019 5:47am
** India's GlaxoSmithKline Pharmaceuticals Ltd  GLAX.NS 
falls as much as 3.8% to 1,382.20 rupees, marking its biggest
intraday percentage drop in over 10 weeks
    ** GSK Pharma said on Wednesday it suspended the release,
distribution and supply of all dose forms of ranitidine
hydrochloride products, a drug used to treat stomach ulcers, to
all markets*:nFWN26G05C
    ** The Indian arm of Britain's largest drugmaker is also
recalling zinetac tablets after the U.S. and European health
regulators said earlier this month they were reviewing the
safety of ranitidine 
    ** Regulators said some ranitidine medicines contain
carcinogens at low levels 
    ** Earlier this week, drug maker Dr.Reddy's Laboratories Ltd
 REDY.NS  said it was suspending global distribution of
ranitidine and several global pharmaceutical companies have
started recalling the heartburn drug*:nL3N26G45R
    ** Lupin Ltd  LUPN.NS  trades little changed, Sun
Pharmaceutical Industries Ltd  SUN.NS  gains 0.8% and Reddy's
Laboratories falls 0.1% 

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