India's Lupin falls on fears of market share loss for respiratory drug in US
** Shares of Indian drugmaker Lupin LUPN.NS down as much as 7.3% at 1,591.20 rupees; logs biggest intra-day pct drop since Feb. 2023
** U.S.-based Amphastar Pharmaceuticals AMPH.O said on Wednesday it got FDA Approval for Albuterol Sulfate Inhalation Aerosol used in treating respiratory ailments
** Lupin has 23.4% market share for the drug in U.S.
** Market reacting as one of LUPN's key product is now being priced for easy competition, said Shrikant Akolkar, pharma analyst at Nuvama Institutional Equities
** Going forward, Albuterol will not contribute as much as it used to contribute in FY23 or FY24, because the product has already seen some pricing pressure - Akolkar
** LUPN up 23% YTD vs 7.3% gains in BSE 100 .BSE100 and 13% gains in pharma index .NIPHARM
Reporting by Sethuraman NR and Kashish Tandon in Bengaluru
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