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16 September, 2014 22:27 IST
Lupin can garner sales of USD 30 mn from generic Yasmin: Angel Broking
Source: IRIS Exclusive (20-DEC-12)
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Angel Broking has maintained 'Buy' on Lupin with a price target of Rs 655 in its report dated Dec. 20, 2012.

Pharma major, Lupin, announced that its subsidiary Lupin Pharmaceuticals has received final approval for its Drospirenone and Ethinyl Estradiol Tablets, 3 mg / 0.03 mg from the United States Food and Drugs Administration (FDA) to market a generic version of BayerHealthcare's (Bayer) Yasmin Tablets 3 mg / 0.03 mg.

Lupin's Drospirenone and Ethinyl Estradiol Tablets are the AB rated generic equivalent of Bayer's Yasmin Tablets 3 mg /0.03 mg. Yasmin Tablets had annual US sales of approximately USD 275 million (IMS MAT Sept 2012 sales). On a conservative side the company can garner sales of around USD 30 million and net profit of USD 9-10 million.

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Lupin Limited   (Q,N,C,F)*

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* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
By: Carol | 28 December 2012 Reply | Forward | Report Abuse 
Yasmin might have generated lots of sales, but that has more to do with heavy advertising than the quality of the pill itself. In fact, the FDA says that there might be a significantly higher chance that woman who take birth control pills with drospirenone, such as Yaz, Yasmin and Ocella, will experience a blood clot.
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