Aurobindo Pharma Ltd. announced that the US Food and Drug Administration has classified its Unit II formulation manufacturing facility, operated by Eugia Pharma Specialities, as ‘Official Action Indicated’ following an inspection.
The inspection, which took place from April 25 to May 3, was conducted at the Bhiwadi facility in Rajasthan's Alwar.
The OAI classification signifies that the US FDA has identified issues requiring corrective action before the facility can resume normal operations or obtain new product approvals.
In response, Aurobindo Pharma has pledged to work closely with the FDA to address the concerns raised and to continuously enhance its compliance practices.
Shares of the company fell 1.71% to Rs 1,418.55 apiece on the NSE, compared to a 2.68% decline in the benchmark Nifty.
RECOMMENDED FOR YOU

Bosch, Castrol, Wendt, Piramal Enterprises, Oswal Pumps, Aurobindo Pharma Are Buzzing On The Dealers' Desk


Buy Or Sell: Aurobindo Pharma, LIC Housing Finance On Ajit Mishra's Radar — Check Target Price


Alembic Pharma Shares Surge After USFDA Nod For New Ovarian Cancer Drug


Stocks To Watch Today: Vodafone Idea, Aurobindo Pharma, Hindalco, Kaynes Tech, Union Bank
