Lupin’s lower than expected March 2019 quarter (Q4) performance further impacted the already weak sentiment, with the stock shedding 3.2 per cent on Wednesday.
Moreover, the Street also remains watchful towards Indian pharma companies facing a lawsuit for alleged collusion and inflating drug prices in the world’s largest pharma market, the USA. Weak India sales weigh on Q4 It was heartening to see Lupin’s North America sales (40 per cent of revenue) grow 16.1 per cent year-on-year and 22.8 per cent sequentially in Q4, led by contribution from a product launched on ...
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