Dr Reddy's recalls heartburn pill stocks from US

58,656 bottles of lansoprazole recalled

BS Reporter New Delhi
Last Updated : Mar 14 2014 | 2:01 AM IST
Drug maker Dr Reddy’s Laboratories has voluntarily recalled 58,656 bottles of its Lansoprazole formulation from the American market due to microbial contamination, the US Food and Drug Administration (FDA) notified on Thursday.

The drug, used for treatment of heartburn, is a generic version of Novartis’ Prevacid. According to the US regulator, the Hyderabad-headquartered company recalled the product in January.

Confirming the recall, a Dr Reddy’s spokesperson said the financial implications were insignificant, being related to limited stocks.

ALSO READ: USFDA import alert on Sun's Gujarat plant
However, the company is currently not supplying the product to the US market and is investigating the reasons for the recall, classified as a ‘Class II’ one, indicating a remote chance of severe adverse consequences or death due to a product flaw.

ALSO READ: Drug recall: Ranbaxy gets prescription wrong on Lipitor, again

On Thursday, its shares closed at Rs 2,734.15 on the BSE exchange, up 1.6 per cent from Wednesday’s Rs 2,690.. During the day, the shares touched a low of Rs 2691.

While such recalls are usual in global pharmaceutical markets, the development assumes significance because this is the third such recall by an Indian company in January itself. Before Dr Reddy's Laboratories, the US FDA notified similar class II recalls by Ranbaxy Laboratories and Sun Pharmaceutical Industries.

While Ranbaxy had recalled 64,626 bottles of Lipitor generic from the US market of January 16 after a potential dosage mix up was detected, Sun Pharmaceutical recalled 2528 bottles of metformin HCl extended tablets from the US on January 28.

Domestic drug makers are also already ailing in the American market due to increasing issues with their manufacturing practices. While all Indian facilities of Ranbaxy, which were earlier supplying to the US market, are now banned by the US FDA, domestic facilities of other generic drug makers such as Wockhardt, Agila Specialities, RPG Life Sciences have also come under the regulatory scanner recently for serious deviations from the manufacturing norms.

In fact, on Wednesday, the US regulator also announced a ban on imports from Sun Pharmaceutical Industries' cephalosporin manufacturing facility located at Karkhadi, Gujarat.
 

Drugs recalled by Indian firms in January (source: US FDA )
Company Drug stocks reason Date of recall
Dr Reddy’s Laboratories Lansoprazole Delayed Release Capsules, USP 15 mg 58,656 Bottles  Microbial contamination  3-Jan-14
Ranbaxy Atorvastatin Calcium Tablets, 10 mg  64,626 bottles A pharmacist discovered atorvastatin 20 mg tablet inside a sealed bottle of atorvastatin 10 mg. 16-Jan-14
Sun Pharma Metformin HCl Extended-Release Tablets, USP, 500 mg 2528 bottles customer complaint of some tablets of Gabapentin found in a bottle of Metformin HCl ER 28-Jan-14


 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 14 2014 | 12:45 AM IST

Next Story