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Vivimed Lab gains 8 pc on successful USFDA inspection

Press Trust of India  |  New Delhi 

of today settled for the day with gains of 8 per cent after the US health regulator completed the inspection of its manufacturing facility in Alathur.

The stock jumped 7.96 per cent and ended the day at Rs 99.70 on Intra-day the stock had surged 16.29 per cent.

On NSE, of the company went up by 7.72 per cent and settled at Rs 99.80. During the day, the stock had risen 16.99 per cent to touch an intra-day high of Rs 108.40.

The company's 'Finished Dosage Form' manufacturing facility had a favourable outcome post its US Food and Drug Administration (USFDA) inspection. The audit was conducted during the last week of November and concluded on November 28, 2016.

"We believe that this satisfactory outcome will support our endeavour to further strengthen our positioning in the global markets," MD Santosh Varalwar had said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 16:33 IST