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Wockhardt shares slip after drug recall in US

Shares were closed at Rs 776.45, down by 2.36% on BSE

BS Reporter  |  Mumbai 

Shares of Mumbai-based Wockhardt Ltd have fallen down following company's recall of anti-hypertensive drug from the US market. Wockhardt is recalling about bottles of anti-hypertensive drug, Metoprolol, belonging to multiple lots from the American market following failure of dissolution test, US health regulator FDA said.

Shares were closed at Rs 776.45, down by 2.36% on BSE. Shares were slipped by 3% at Rs 770.65 intraday on Thursday. Metoprolol is a generic version of AstraZeneca’s branded drug Toprol. Tablet dissolution is a standardised method for measuring the rate of drug release from a dosage form.

According to a notification by the US Food and Drug Administration (USFDA), the recall is voluntary and was initiated by the company from April 1 under Class-II classification.

Class II recall is a situation in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote. Metoprolol Succinate Extended-Release Tablets were distributed in the USA by Wockhardt USA.

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First Published: Fri, May 16 2014. 00:41 IST