iifl-logo

Invest wise with Expert advice

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

sidebar image

Sun Pharma temporarily halts production and shipment at Mohali facility

24 Apr 2023 , 10:14 AM

The largest drug maker of India, Sun Pharma has stopped production and shipment at its Punjab-based Mohali facility to the US market. However the halt is temporary and in line with corrective actions guided by the US healthcare regulator FDA.

The company in its regulatory filing on Sunday said that, “These actions include, among others, retaining an independent CGMP expert to conduct batch certifications of drugs manufactured at the Mohali facility.”

It added that the company is taking required measures and corrective steps but there will be a temporary pause in the release of batches from Mohali until US FDA-mandated measures are implemented.

Sun Pharma’s Mohali plant came under US FDA radar in august last year where it carried inspection from August 3rd to August 12th, 2022. The inspection was classified as “Official Action Indicated’ (OAI).

That time, the FDA had issued a Form-483, with 6 observations. Sun Pharma said, it remains committed to work closely with the US FDA and continues to enhance its compliance on an ongoing basis.

On Monday, at 10.12 AM, Sun Pharma is the top loser on Nifty with trading at Rs 968.25 per share down by 2.14% from the previous close of Rs 989.45 on NSE.

Related Tags

  • Sun Pharma
  • Sun pharma mohali plant
  • Sun Pharma news
  • Sun pharma us fda
  • US FDA
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 Securities 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.