MUMBAI, Baltimore, May 31, 2017 /PRNewswire/ -- Today, Pharma Major Lupin Limited announced a partnership between its American subsidiary, Lupin Pharmaceuticals, Inc. (Lupin) and Albertsons Companies, one of the largest food and drug retailers in the United States. Albertsons has agreed to exclusively provide Lupin's InspiraChamber™, a valved holding chamber for the enhanced delivery of inhaled aerosol therapies, to patients in its over 1,700 pharmacies in 35 states, including DC.
Lupin's InspiraChamber™ helps patients who are being treated for breathing conditions such as asthma, allergies, or other lung impairments, more effectively use their inhalers by creating "space" between the mouth and the aerosolized medicine inhaler—which is why these devices are often called "spacers." This space helps the prescribed medicine move more easily into the lungs and maximizes its effects.
Lupin President, Paul McGarty, commented, "Our partnership with Albertsons Companies is one of many initiatives Lupin Pharmaceuticals, Inc. is taking to provide better access to the only valved holding chamber with a pacifier-ready mask that enhances the delivery of aerosol therapy1,2. We continually strive to combine the latest technology with an ease of use design for patients and we're excited to be able to offer it to Albertsons Companies patients."
According to the CDC, 1 in 13 people have asthma. To help these patients and those afflicted by other chronic lung diseases, the InspiraChamber™ focuses on the patient experience, helping them improve their quality of life and minimizing the time it takes to administer prescribed medicines. The patented design complements existing prescribed medication, helping patients of all ages get the most from their inhalers—and breathe easier.
"We're excited to partner with Lupin to provide this tool to our patients," states Dan Salemi, Albertsons Companies, Group Vice President, Pharmacy Services. "We see our relationship with Lupin as a way to bring innovative, high-quality products that are easy to use and proven in managing health conditions to our shoppers. Making InspiraChamber™ our preferred chamber is another way to demonstrate our ongoing commitment to the highest level of patient care."
About Lupin Limited
Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally. The Company is a significant player in the Cardiovascular, Diabetology, Asthma, Pediatric, CNS, GI, Anti-Infective and NSAID space and holds global leadership position in the Anti-TB segment.
Lupin is the 5th and the 6th largest generics pharmaceutical company by market capitalization (December 31st, 2016, Bloomberg) and sales globally (September 30th, 2016, Bloomberg). The Company is the 5th largest pharmaceutical player in the US by prescriptions (4.68% market share – IMS Health, National Prescription Audit, March 2016); the 2nd largest Indian pharmaceutical company by revenues; the 6th largest generic pharmaceutical player in Japan and the 4th largest generic pharmaceutical company in South Africa (IMS Health, March 2016).
For the financial year ended 31st March, 2016, Lupin's Consolidated sales and Net profit stood at Rs. 136,539 million (USD 2.09 billion) and Rs. 22,607 million (USD 345 million) respectively. Please visit http://www.lupin.com for more information. You could also follow us on Twitter – www.twitter.com/lupinlimited
CIN: L24100MH1983PLC029442 Registered Office: Lupin Ltd, 3rd Floor, Kalpataru Inspire, Off Western Express Highway, Santacruz (East), Mumbai 400 055.
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National Account Manager
Office: +1 304-345-8202
1 InspiraChamber® Anti-Static Valved Holding Chamber Instructions for Use [package insert]. Baltimore, MD: Lupin Pharmaceuticals, Inc. 2 "Trying to Deliver Aerosols to Upset Children is a Thankless Task." Everard, M. Archives of Disease in Childhood (2000), vol. 82, issue 5.
*Safe Harbor Statement
InspiraChamber is a registered trademark of Inspirx Inc.
CONTACT: Lupin Pharmaceuticals, Inc.
111 South Calvert St. 21st Floor
Baltimore, MD 21202
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SOURCE Lupin Pharmaceuticals, Inc.