The Exchange has sought clarification from Lupin Limited with respect to recent news item captioned Pharma stocks slump as Trump shoots letters to 17 global drug majors seeking lower prices. The response from the Company is attached.
LUPIN · price
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Awaiting price reaction for this filing.
Lupin clarified to NSE and BSE that it has not received any letter from the US Government regarding prescription drug pricing, contrary to a Moneycontrol news article. The company stated it is not aware of any undisclosed information that could explain recent trading movement and confirmed there is no material impact on the company. Lupin referenced the official White House fact sheet showing the letters were sent to European and American pharmaceutical companies, and Lupin's name does not appear on that list. The company noted the news article was not specific to Lupin and did not warrant a confirmation or denial.
This is a routine exchange-driven clarification to address a rumor in the media. For shareholders, it removes near-term uncertainty by confirming Lupin was not among the drugmakers targeted, though the broader sector overhang from US drug pricing pressure remains.