USFDA issues EIR for Granules India’s Vizag unit

India Infoline News Service | Mumbai | October 06, 2017 14:13 IST

Granules India informed that the USFDA has issued Establishment Inspection Report (EIR) for the Granules OmniChem facility, a 50:50 JV between the company and Ajinimoto OmniChem N.V. at Vizag, Andhra Pradesh.

Granules India informed that the USFDA has issued Establishment Inspection Report (EIR) for the Granules OmniChem facility, a 50:50 JV between the company and Ajinimoto OmniChem N.V. at Vizag, Andhra Pradesh.
 
This facility was inspected by the USFDA in December 2016 and there were seven observations during the inspection. This facility currently manufacturers API intermediates, said the company in a BSE filing on Friday.
 
Granules India was trading at Rs 118.85 per share, up by Rs 4.30 or 3.75% as at 1358 hours on Friday, on the BSE. The stock hit an intraday high and low of Rs 120.35 and Rs 114.10, respectively. It witnessed a spurt in volume by more than 2.67 times. The stock attracted a traded volume of 54,90,263 shares and traded value of Rs 6,485.10 lakh on the NSE.
 
Granules India Limited is a pharmaceutical company with presence across the pharmaceutical manufacturing value chain, including active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediaries (PFIs) and finished dosages (FDs).

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