Lupin dips 3% as US FDA issues warning letter for Tarapur facility

Lupin said it does not believe the warning letter will have an impact on disruption of supplies or the existing revenues from operations of this facility

Shares of Lupin dipped 3 per cent to Rs 652 on the BSE in Thursday's intra-day trade after the company received warning letter for its Tarapur, Maharashtra facility. During the past four trading days, the stock gained 3.4 per cent in an otherwise weak market.

Lupin, in an exchange filing today, said it has received a warning letter from the United States Food and Drug Administration (USFDA) for the company’s Tarapur, Maharashtra, facility after they inspected site from March 22, 2022 to April 4, 2022.

The company said it does not believe that the warning letter will have