Business Standard

Aurobindo Pharma gets USFDA warning letter for Andhra unit, shares drop 6%

The drug firm, however, did not provide any details of the contents of the warning letter received from the regulator

Aurobindo Pharma wrests second position among drug firms from Lupin

Aurobindo Pharma

Press Trust of India New Delhi

Drug firm Aurobindo Pharma Friday said it has received a warning letter from the US health regulator for one of its units in Srikakulam district, Andhra Pradesh, which was the subject of an inspection earlier this year.

The company has received a warning letter from the United States Food and Drug Administration (USFDA) relating to our unit XI, active pharmaceutical ingredient (API) manufacturing facility situated at Srikakulam District, Andhra Pradesh. This action follows the earlier inspection of the site by the USFDA in February 2019, Aurobindo Pharma said in BSE filing.

Aurobindo Pharma said it "believes the existing business from this facility will not be impacted".

 

The drug firm, however, did not provide any details of the contents of the warning letter received from the regulator.

"We will be engaging with the regulator and are fully-committed in resolving this issue at the earliest. The company is also committed to maintaining the highest quality manufacturing standards at all of its facilities across the globe," the company added.

Shares of Aurobindo Pharma were trading 5.82 per cent lower at Rs 590.40 apiece on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 21 2019 | 10:20 AM IST

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