iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Glemark Pharma recalls 6,528 bottles of blood pressure medicine in US

15 Apr 2024 , 11:29 AM

Glenmark Pharmaceuticals is recalling 6,528 bottles of a high blood pressure drug from the US market owing to failed disintegration criteria, according to the US health authorities.

The US branch of the Mumbai-based drug company is recalling the affected lot of Diltiazem Hydrochloride extended-release capsules, according to the US Food and Drug Administration’s most recent Enforcement Report.

The batch in question, manufactured in India, is being recalled by Glenmark Pharmaceuticals Inc., headquartered in New Jersey, due to “failed dissolution specifications,” as stated by the USFDA.

The USFDA noted that an Out of Specification (OOS) result occurred during a dissolution test conducted at the 12th month time point in a long-term stability study. Consequently, Glenmark Pharmaceuticals initiated a Class II recall of the medication throughout the United States on March 26 of this year.

According to the USFDA, a Class II recall is undertaken when the use or exposure to a violative product may result in transitory or medically recoverable adverse health effects, or when the likelihood of substantial adverse health consequences is low.

India is the world’s largest provider of generic medications, accounting for around 20% of worldwide supply. The country produces 60,000 distinct generic products over 60 therapeutic categories.

The country’s products are sent to over 200 countries worldwide, with the primary destinations being Japan, Australia, West Europe, and the United States. India has the most USFDA-compliant enterprises with factories outside of the US.

At around 11.25 AM, Glenmark Pharma was trading 1.13% lower at ₹1,039.90 per piece, against the previous close of ₹1,051.80 on NSE. The counter touched an intraday high and low of ₹1,060, and ₹1,031 respectively.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Glenmark
  • Glenmark Pharma Drug
  • Glenmark Pharma News
  • Glenmark Pharma share price
  • Glenmark Pharma Updates
  • Glenmark Pharma USFDA
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.