Lupin acquires worldwide rights for Goanna brand

Goanna brand is being sold by about 83% pharmacies in Australia

Pharma major Lupin Ltd said that its Australian subsidiary, Generic

Health Pty Ltd has acquired the worldwide rights to the Goanna brand and the complete range of premium therapeutic oils, rubs and ointments marketed under the brand.  

Founded in 1910, the Goanna brand has been trusted by generations of Australians to provide effective relief of muscular aches and pains and other conditions such as arthritis.  

Lupin, through its subsidiary Generic Health is excited to add this heritage brand to the existing portfolio of quality prescription and over-the-counter products and looks forward to continuing the brand’s rich tradition of excellence.

The brand is being sold by about 83% pharmacies in Australia, which would also go a long way in increasing the company reach in the market.  

Vinod Dhawan, president (Asia, Africa, Middle East and Latin America) and business development, Lupin said, “Since Goanna is an in-market, commercial product, our sales and marketing efforts will commence immediately and we are optimistic of it contributing positively to our topline in the coming years.”

On Wednesday, Lupin ended 0.48% up at Rs441.35 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.96% to 18,132.24.

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Tata Mutual Fund floats 368 days fixed maturity plan

Tata Mutual Fund new issue closes on 22nd June

Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 35 Scheme C (368 days maturity), a close-ended income scheme.

The investment objective of the scheme is to generate income and/or capital appreciation by investing in wide range of debt and money market instruments having maturity in line with the maturity of the schemes.

The new issue closes on 22nd June. The minimum investment amount is Rs10,000.

Crisil Short Tern Bond Fund Index is the benchmark index. Murthy Nagarajan is the fund manager.

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Reliance Mutual Fund introduces Fixed Horizon Fund-XX-Series 21

Reliance Mutual Fund new issue closes on 20th June

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XX-Series 21, a close-ended income scheme.

The primary investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The tenor of the scheme is 368 days.

The new issue closes on 20th June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.

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