Lupin - Is it the time to buy for long term

Novitium gets approval for famotidine (oral suspension). This is a big product for Lupin with FY21 sales of >$180mn (estimates from Jefferies).

https://www.accessdata.fda.gov/scripts/cder/daf/index.cfm?event=overview.process&ApplNo=215043

Disclosure: Invested (position size here)