 "Ipca Labs dips as order for ACTs unlikely from Global Fund")
In light of the warning letter issued by the USFDA on January 29,2015, The Global Fund, Geneva, Switzerland has re-assessed the situation and following a risk consideration exercise, will not allocate any volune of ACTs to the company, Ipca Laboratories said in a release.
The Global Fund will only source ACTs from other pre-qualified suppliers that have no outstanding issues with the regulators.
The stock opened at Rs 529 and touched a low of Rs 479. At 12pm, over 3.3 million shares were traded on both the stock exchanges.
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