Biocon surged 7% to Rs 420 on the BSE in early morning trade after the company said its facility received Establishment Inspection Report (EIR) with VAI (voluntary action indicated) status and closed the inspection.
The stock is trading close to its 52-week high of Rs 424 touched on July 19, 2017 in intra-day trade.
“The company confirms that the US Food and Drug Administration (FDA) has issued an EIR in relation to the cGMP (current Good Manufacturing Practice) inspection of its aseptic drug product facility that was audited between 25th May – 3rd June 2017,” Biocon said in
The stock is trading close to its 52-week high of Rs 424 touched on July 19, 2017 in intra-day trade.
“The company confirms that the US Food and Drug Administration (FDA) has issued an EIR in relation to the cGMP (current Good Manufacturing Practice) inspection of its aseptic drug product facility that was audited between 25th May – 3rd June 2017,” Biocon said in