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Lupin’s Brazilian subsidiary, Medquímica was acquired in 2015 for its strong manufacturing platform and its efficient substitution generic commercial structure, with the goal to position Lupin in Brazil. It is the 5th largest company in volumes in Brazil and is ranked 13th in value amongst its Indian peers. Medquímica grew 28.1% in value and 14.2% in volume during FY2020.

During the year, MedQuimica launched 10 new generic and dermatology products.