Glenmark Pharmas Goa facility receives USFDA warning letter

24 Nov 2022 , 09:34 AM

The US Food and Drug Administration (USFDA) inspected the Glenmarks Goa facility in May 2022 and issued Official Action Indicated (OAI). The drug regulator has now issued a warning letter to the Goa facility. The Company is committed to work along with the US FDA to implement all the necessary corrective actions required to address the concerns at the earliest. The Company is committed to maintaining the highest quality and compliant manufacturing standards at all of its facilities across the globe, Glenmark said in a statement. Glenmark Pharmaceuticals is primarily engaged in the business of development, manufacture and marketing of pharmaceutical products. On consolidated basis, the companys net profit rose 1.1% to Rs 260.44 crore on 6% jump in net sales to Rs 3,312.49 crore in Q2 FY23 over Q2 FY22. The scrip was down 0.38% to Rs 423.75 on the BSE. Powered by Capital Market – Live News