Pharma major Lupin announced the launch of its Memantine Hydrochloride Extended-Release Capsules, 7mg, 14mg, 21mg, 28mg having received an approval from the United States Food and Drug Administration (FDA) earlier.

Lupin's Memantine Hydrochloride ER capsules 7mg, 14mg, 21mg, 28mg are the generic equivalents of Allergan's Namenda XR capsules. It is indicated for the treatment of moderate to severe dementia of the Alzheimer's type. Memantine Hydrochloride ER capsules 7mg, 14mg, 21mg, 28mg had annual sales of approximately USD 936 million in the US (IQVIA MAT December 2017).

Shares of the company declined Rs 2.9, or 0.36%, to trade at  Rs 812.90.  The total volume of shares traded  was  109,203 at the BSE (3.47 p.m., Wednesday).