Pharma major Lupin announced that it has received final approval for its Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml from the United States Food and Drug Administration (FDA) to market a generic version of Taro Pharmaceuticals U.S.A Inc.'s Topicort Topical Spray, 0.25%.

Lupin’s Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml is the generic equivalent of Taro Pharmaceuticals U.S.A Inc.'s Topicort Topical Spray, 0.25%. It is a corticosteroid indicated for the treatment of plaque psoriasis in patients 18 years of age or older.

Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml had annual sales of approximately USD 19.5 million in the US (IQVIA MAT January 2018).

Shares of the company declined Rs 5, or 0.65%, to trade at  Rs 760.30.  The total volume of shares traded  was  1,253 at the BSE (9.23 a.m., Tuesday).