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Cipla Says Eight Observations By U.S. FDA For Goa Unit Are Procedural

Cipla received eight observations regarding manufacturing practices at its Goa plant.

Darshan Mehta
General views of drugs (Photographer: Brent Lewin/Bloomberg)

Cipla Ltd. received eight observations regarding manufacturing practices at its Goa plant that contributes a quarter of the drugmaker’s sales in the U.S.

Also Read: Why Investors Are Betting On MNCs Over Homegrown Drugmakers

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US HIRE Bill 'Impractical', Negative For IT Sector: Wedbush Securities' Moshe Katri

  • chevron-double-right The HIRE Act aims to curb outsourcing by taxing payments to foreign service providers by 25%
  • chevron-double-right The bill also prohibits tax deductions on outsourcing payments to fund domestic worker training
  • chevron-double-right The bill faces a 50% chance of passing the US Senate due to the current pro-business administration
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