Lupin - Is it the time to buy for long term

CNBC interview (link):

  • Forayed into diagnostics, want to position itself as a complete healthcare organization. This is being done in a calibrated way
  • Conscious of expensive M&A (once bitten twice shy)
  • Seeing pricing pressure in US (high single digit). Expect it to settle down at 5-6%
  • Suprep: expect launch in H2FY23
  • Goa observations: Addressable and no repeat, confident of addressing them
  • Somerset: Three observations are common with the warning letter. No timeline given toward its settlement
  • Tarapur & Pithampur: Ready for reinspection. No important products are coming from there
  • A lot of KSMs are sourced from China which are showing price increases
  • Looking to spin off its NCE molecules which offer good value, want to unleash value from biosimilar division

Disclosure: Invested (position size here)

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