The approval enables Lupin to offer a generic version of Descovy pills, which were originally produced by Gilead Sciences Inc.
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Lupin ranks as the third-largest pharmaceutical player in the U.S. by prescriptions and seventh in the Indian Pharmaceutical Market (IPM).
Lupin Limited reports a 77% increase in Q1 net profit to ₹801.3 crores, with total sales up 16.3%.
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According to the terms of the agreement, Lupin may receive up to $84 million in total payment based on future dependent milestones.
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The inspection finished with no observations, and the facility was classified as "No Action Indicated" (NAI).
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