Aurobindo Pharma slumped 4.10% to Rs 1456.85 after the company informed that the manufacturing facility of its wholly owned subsidiary Eugia Pharma has received a warning letter from the US FDA.
In May 2024, the United States Food and Drug Administration (US FDA) had conducted an inspection at Unit-III, a formulation manufacturing facility, of Eugia Pharma Specialities, a wholly owned subsidiary of the company, situated at Pashamylaram, Patancheru Mandal, Sangareddy District, Telangana, from 22 January to 2 February 2024.
Subsequently, the US FDA has determined the inspection classification status of this facility as official action indicated (OAI).
In a regulatory filing made during market hours today, Aurobindo Pharma stated that subsequent to OAI, the aforementioned unit has now received a warning letter.
"There is no impact on the existing supplies to the US markets, Aurobindo Pharma said in a statement.
The company remains committed to work closely with the US FDA and continues to enhance its compliance on an ongoing basis.
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Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services.
The pharma major reported 61.05% jump in consolidated net profit to Rs 919.22 crore on a 9.82% rise in revenue from operations to Rs 7,457.65 crore in Q1 FY25 over Q1 FY24.
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