Wockhardt slips after recalling drugs in US

The stock opened at Rs 995, touched a high of Rs 999.50 on the BSE

SI Reporter Mumbai
Last Updated : Dec 31 2014 | 9:46 AM IST
Wockhardt has slipped by nearly 2% to Rs 992 on the NSE after voluntarily recalling certain lots of drugs in the US, according to the US Food and Drug Administration (USFDA).

As per the information available on the USFDA website, Wockhardt USA Inc, the US-based arm of the company, is recalling 11,18,400 Metoprolol Succinate extended-release tablets, a hypertension drug, for 'failed dissolution specifications'.

The tablets have been manufactured by Mumbai-based Wockhardt Ltd and distributed by Wockhardt USA LLC.

The stock opened at Rs 995, touched a high of Rs 999.50 on the BSE. A total of over 2 lakh shares have changed hands on the BSE and the NSE so far.
*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: Dec 31 2014 | 9:43 AM IST

Next Story