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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