23 Jan 2023 , 10:25 AM
According to the US Food and Drug Administration, Lupin is recalling 16,056 bottles of Rifampin Capsules, which are used to treat all forms of tuberculosis, from the US market due to a manufacturing issue.
US health regulator’s report shows Lupin Pharmaceuticals recalling TB drug due to failed impurities/degradation specifications in the long-term stability study.
The affected lot was manufactured at Lupin’s Aurangabad plant and distributed in the United States by Lupin Pharmaceuticals, based in Baltimore.
On December 12, last year, the company initiated a Class II nationwide (US) recall of the affected lot.
A class II recall is initiated by the US Food and Drug Administration (USFDA) when the use or exposure to a violative product may cause temporary or medically reversible adverse health consequences, or when the probability of serious adverse health consequences is remote.
In 2019, the US generic drug market is expected to be worth approximately USD 115.2 billion. It is the world’s largest pharmaceutical market.
At around 10.22 AM, Lupin was trading at Rs756.30, up by 0.17% against the previous close of Rs755.05 on NSE. The counter opened at Rs756 and touched an intraday high of Rs760.05.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
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)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.