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Alembic Pharma gains on successful USFDA inspection at Baroda facility

The stock moved higher by 7% to Rs 645 on BSE in intra-day trade.

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SI Reporter Mumbai
Alembic Pharmaceuticals moved higher by 7% to Rs 645 on BSE in intra-day trade after the successful US drug regulator inspection at the company’s Bioequivalence facility at Baroda in Gujarat. The company said no observations were found after the inspections were carried out by United States Food & Drug Administration (USFDA).

“The USFDA inspected its Bioequivalence facility Baroda (Gujarat, India) from March 6 to March 10, 2017. At the end of the inspection, there were no 483s issued by the USFDA,” Alembic Pharma said in a press release.

A Form 483 has been issued to a company’s management

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