Aurobindo Pharma soars 19% as Unit IV receives EIR with VAI status from FDA

The Company has received the Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status from the US Food & Drug Administration (USFDA) for Unit IV.

Shares of Aurobindo Pharma surged 19 per cent to Rs 594 on the BSE in early morning deal on Wednesday after the company’s Unit IV received Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status from the US health regulator.

At 09:21 am, the stock was trading 13 per cent higher at Rs 563, as compared to 0.87 per cent rise in the S&P BSE Sensex. A combined 4.58 million shares changed hands on the counter in the first six minutes of trade on the NSE and BSE.

“The Company has received the Establishment Inspection Report (EIR)