Shares of Dr Reddy's Laboratories on Friday closed 0.55 per cent down on the BSE
Wockhardt is present in emerging markets like Mexico, Brazil with insulins
Sales in the US, its biggest market, accounting for 37 per cent of revenues, were up 8 per cent year-on-year (YoY) and 12 per cent sequentially, led by five new launches
From government announcing a 100 per cent stake sale in Air India to a new case of Coronavirus in India here are today's top headlines
The stock of Dr. Reddy's has been on a gradual rise with positive indicators supporting the momentum and currently has given a breakout above the previous peak of 3,000
Rival firm Amneal Pharma has received approval for generic birth-control product NuvaRing from the US Food and Drug Administration.
Weekly Technical Recommendations by Religare Broking Ltd.
Drug major Dr Reddy's on Saturday said it has received four observations from the US health regulator USFDA for its facility at Srikakulam in Andhra Pradesh. The audit of the company's API Srikakulam Plant (SEZ) by the United States Food and Drug Administration (USFDA) was completed on Friday, the Hyderabad-based pharma major said in a regulatory filing. Dr Reddy's further said that it would address the four concerns within the stipulated timeline. "The audit of our API Srikakulam Plant (SEZ), Andhra Pradesh, by the USFDA, has been completed on October 25, 2019. We have been issued a Form 483 with four observations," said Dr Reddy's. It further said: "We will address them comprehensively within the stipulated timeline." As per the US health regulator, "an FDA Form 483 is issued to firm management at the conclusion of an inspection when an investigator(s) has observed any conditions that in their judgment may constitute violations of the Food Drug and Cosmetic (FD&C) Act and ...
The recall comes after USFDA's caution note alerting patients and healthcare professionals that NDMA was found in certain samples of ranitidine
The Hyderabad-based company is an outlier among large pharmaceutical producers, having seen a jump in its stock price over the previous year
Ranitidine is an Over-The-Counter (OTC) and prescription drug which decreases the amount of acid created by the stomach
Repeat observations for an approved facility are an indication of consistent regulatory challenges for the company, says an analyst with a foreign brokerage
A CRL is issued when the FDA decides not to approve new or generic drug application for marketing in its present form
The product is a generic version of Takeda Pharmaceutical Company's Rozerem tablets in the same strength
Under the agreement, Dr Reddy's sold its US and select territory rights for Zembrace Symtouch (sumatriptan injection) 3 mg and Tosymra (sumatriptan nasal spray) 10 mg
Allegra-D 12 HR is a trademark of Aventisub II Inc
Gleevec and its generic equivalents saw sales of approximately $868 mn in the US for the last twelve months ending in July 2018