Lupin Primes For Specialty Future With Symbiomix Acquisition
Lupin has snapped up Symbiomix Therapeutics in the US as it evolves its business from a predominantly straight-generics play to a model with an increasing mix of complex generics, specialty medicines and biosimilars. The latest deal gives Lupin access to a therapy in the women’s health segment recently approved by the US FDA.
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Lupin’s first-quarter net profit soared nearly 50%, but the strong performance was overshadowed by concerns about regulatory overhang and slower-than-expected scale-up of new products that could jeopardize future revenue growth momentum.
A recovery in the US, aided by abating pricing pressure and portfolio exits by some large players, augurs well for Indian firm Lupin, but impending new launches including levothyroxine will need to deliver to sustain US momentum.
Lupin’s rare disease drug, NaMuscla, has been recommended for marketing authorization in Europe – a key milestone for the firm as it shapes its play in the specialty segment. The company may consider taking NaMuscla to other markets such as Japan as well and also add assets to its neuroscience portfolio.