Shares of Sun Pharmaceutical Industries today gained nearly 4 per cent after the company received EIR from the US health regulator for its Halol facility in Gujarat.
India’s largest drugmaker Sun Pharmaceutical Industries Ltd said the US FDA cleared its Halol drug plant, which had been under supply restrictions due to quality control failures.
USFDA has said it found objectionable conditions at Sun Pharmaceutical Industries' Halol plant in Gujarat but did not recommend any action against the company.
Sun Pharmaceutical Industries announced that it has received approval from the US FDA for Ilumya (tildrakizumab-asmn) drug for the treatment plaque psoriasis.
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Sun Pharmaceutical Industries said the US health regulator has issued three observations after inspecting its Halol facility in Gujarat.
Shares of Sun Pharmaceutical Industries fell nearly 3 percent after the company reported 75 percent dip in its consolidated net profit for the Q3 ended December 2017.
Sun Pharmaceutical Industries reported 75.17 percent dip in its consolidated net profit at Rs 365.39 crore for the third quarter ended December 31, 2017-18.
Sun Pharmaceutical Industries reported a 59 percent plunge in second-quarter profit, hurt by generics pricing pressure in the United States.
Sun Pharmaceutical Industries said that one of its wholly owned subsidiaries has received final approval from USFDA for its generic version of ezetimibe tablets.
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