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May
16
ragupathyrenganathan
Wockhardt to recall some drugs made in India after US FDA concerns, stock falls – Courtesy (Business Today)
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Wockhardt to recall some drugs made in India after US FDA concerns

The FDA banned US exports from Wockhardt’s Waluj and Chikalthana plants in central India in 2013, citing manufacturing quality lapses.

The agency conducted an inspection of both plants earlier this year, following which it made some “observations” regarding batches of some drugs that were made at the plants when they were not banned, Wockhardt said in a statement.

“Several batches” of products produced at the plants before the bans were imposed “may still be” selling in the United States, the company said.

While there is no evidence of risk to patient safety from those drugs, Wockhardt said the recall was being conducted “as a measure of preparedness and as an abundant precaution.”

In February, Wockhardt said the FDA raised fresh concerns regarding the manufacturing quality at the Waluj site.

At 1:19 pm, the stock was trading 2.40 per cent lower on the BSE. At 10:17 am, the stock fell the most by over 11 per cent.



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