J B Chemicals & Pharmaceuticals today said the Medicines Authority of Malta has granted European GMP approval to its manufacturing facilities located at Panoli, in Gujarat.
"J B Chemicals & Pharmaceuticals is pleased to announce receipt of European GMP approval for its formulation facilities at Panoli, Gujarat from Medicines Authority of Malta," J B Chemicals & Pharmaceuticals said in a BSE filing.
The company said this approval is valid in entire European Union.
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The Medicines Authority of Malta has accorded its approval to the company's manufacturing facilities for tablets, capsules, liquids for internal use and semi-solids.
"This approval will not only help the company increase its product basket for this market but will also boost contract manufacturing business, which is a focused business area," it added.
The stock was trading at Rs 330.20, up 3.37 per cent, on BSE.
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