Dr Reddy's gets USFDA EIR for Srikakulam API Plant
By Rediff Money Desk, New Delhi Sep 06, 2024 16:29
Dr Reddy's Laboratories received a Voluntary Action Indicated (VAI) establishment inspection report (EIR) from the USFDA for its API facility in Srikakulam, Andhra Pradesh.
![Dr Reddy's gets USFDA EIR for Srikakulam API Plant](https://im.rediff.com/money/2020/aug/19drug.jpg)
New Delhi, Sep 6 (PTI) Dr Reddy's Laboratories on Friday said it has received the establishment inspection report (EIR) from the US health regulator for its active pharmaceutical ingredient manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh.
The US Food and Drug Administration (USFDA) has classified the inspection as Voluntary Action Indicated (VAI) and concluded that the inspection is close, the Hyderabad-based drug maker said in a statement.
As per USFDA, VAI means that objectionable conditions or practices were found, but the agency is not prepared to take or recommend any administrative or regulatory action.
On June 7 this year, Dr Reddy's had stated that the US health regulator has issued Form 483 with four observations after inspecting its Srikakulam-based facility.
Shares of the company on Friday ended 0.42 per cent down at Rs 6,669.75 apiece on the BSE.
The US Food and Drug Administration (USFDA) has classified the inspection as Voluntary Action Indicated (VAI) and concluded that the inspection is close, the Hyderabad-based drug maker said in a statement.
As per USFDA, VAI means that objectionable conditions or practices were found, but the agency is not prepared to take or recommend any administrative or regulatory action.
On June 7 this year, Dr Reddy's had stated that the US health regulator has issued Form 483 with four observations after inspecting its Srikakulam-based facility.
Shares of the company on Friday ended 0.42 per cent down at Rs 6,669.75 apiece on the BSE.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 13.35 ( -11.53)
- 166225069
- Rama Steel Tubes
- 16.68 (+ 20.00)
- 60645501
- Rajnish Wellness
- 3.69 (+ 1.10)
- 41851679
- GTL Infrastructure
- 2.46 ( -3.53)
- 31494599
- ARC Finance
- 1.63 ( 0.00)
- 30319737
MORE NEWS
![Shree Tirupati...](https://im.rediff.com/80-80/money/2021/jul/13ipo1.jpg)
Shree Tirupati Balajee Agro IPO Subscribed...
Shree Tirupati Balajee Agro Trading IPO was subscribed 18.16 times on day 2, exceeding...
Bengaluru Home Sales Surge 19% in Q2 2024: Report
Bengaluru's residential market continues to grow with a 19% increase in home sales in...
![Wardwizard to Set...](https://im.rediff.com/80-80/money/2022/apr/26ev-1.jpg)
Wardwizard to Set Up Electric Vehicle Plants in...
Wardwizard Innovations & Mobility will form a joint venture in Saudi Arabia to...