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Dr. Reddy's Laboratories Faces Rs 28 Lakh Penalty From Mexican Drug Regulator
Despite this development, shares of Dr. Reddy's were trading up by 0.39% at Rs 6,720 per share on the BSE.
26 Sep 2024, 03:46 PM IST 
Dr. Reddy's Laboratories announced that the Mexican drug regulatory authority has imposed a penalty of approximately Rs 28 lakh.
An R&D facility of Dr. Reddy's. (Source: Company website)
Dr. Reddy's Laboratories announced on Thursday that the Mexican drug regulatory authority has imposed a penalty of approximately Rs 28 lakh (MXN 6,51,420).
This penalty was levied due to the company’s deviation from established guidelines regarding the notification of the import of a reference standard for one of its active pharmaceutical ingredients, as stated in a regulatory filing by the Hyderabad-based firm.
Despite this development, shares of Dr. Reddy's were trading up by 0.39% at Rs 6,720 per share on the BSE.
(With PTI Inputs)
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