New Drugs Tempt Lupin to Spend Up to $1 Billion

New Drugs Tempt Lupin to Spend Up to $1 Billion

Lupin Ltd. via Bloomberg

Lupin Ltd.'s plant stands in Goa, India. Lupin, named after a leguminous flower, had 5 billion rupees ($92 million) of cash as of Sept. 30, and will borrow to fund acquisitions.