Don’t miss the latest developments in business and finance.

Dr Reddy's says FDA raises concerns about plant

Image
Reuters MUMBAI
Last Updated : Nov 27 2014 | 5:06 PM IST

MUMBAI (Reuters) - Drugmaker Dr Reddy's Laboratories Ltd has received a letter from the U.S. Food and Drug administration highlighting concerns about its manufacturing plant in the southern Indian state of Andhra Pradesh, the company said on Thursday.

Dr Reddy's said it received "inspectional observations" from the FDA after the agency's staff inspected the plant. It was not immediately clear what the observations referred to, and a spokeswoman for Dr Reddy's did not immediately respond to a request for comment.

The FDA typically lists such observations in a "Form 483", which outlines conditions or practices at a drug-making unit that may cause the products made there to be in violation of the FDA's standard production requirements.

Dr Reddy's said the plant makes drug ingredients, but the company does not currently have any "activity" there. The FDA's letter is not expected to have any material impact on the company's financial results, it added.

Dr Reddy's said it was "committed to" responding to the agency soon and will start implementing remedial measures immediately.

(Reporting by Zeba Siddiqui in Mumbai; Editing by Biju Dwarakanath)

Also Read

First Published: Nov 27 2014 | 5:01 PM IST

Next Story