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Zydus among generic drug companies facing lawsuit by US states: Cadila

Cadila said in its opinion this particular matter is not likely to have any material impact on the operations and financials of the company

Press Trust of India  |  New Delhi 

cadila healthcare
Zydus Pharmaceuticals Inc is the US arm of Cadila Healthcare

Drug firm Tuesday said the name of its arm is included in the lawsuit filed against some generic by US states.

is the US arm of

According to some media reports, more than 40 US states have filed a lawsuit against and 19 other generic for price fixing and inflating prices of drugs.

In a regulatory filing, Cadila said in its opinion this particular matter is not likely to have any material impact on the operations and financials of the company.

"Zydus conducts its business with the highest degree of integrity and honesty," it added.

Shares of were trading at Rs 265.10 per scrip on BSE, down 1.41 cent from its previous close.

First Published: Tue, May 14 2019. 14:41 IST
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