Pharma major Lupin announced that it has received approval for its Triamcinolone Acetonide Ointment USP, 0.1% from the United States Food and Drug Administration (FDA) to market a generic version of Mylan Pharmaceuticals, Inc.'s (Mylan) Triamcinolone Acetonide Ointment, 0.1%.

Lupin’s Triamcinolone Acetonide Ointment USP, 0.1% is the generic version of Mylan's Triamcinolone Acetonide Ointment, 0.1%. It is indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses.

Triamcinolone Acetonide Ointment USP, 0.1% had annual sales of approximately USD 25.7 million in the US (IQVIA MAT June 2018).

Shares of the company declined Rs 13.6, or 1.54%, to trade at Rs 868.50. The total volume of shares traded was 9,353 at the BSE (9.52 a.m., Tuesday).