EU approval for Indian biosimilar facility
Indian drugmaker Biocon (BSE: 532523) has had its manufacturing troubles, but was able to report some good news on that front on Wednesday.
The company’s sterile drug product manufacturing facility in Bangalore, where its biosimilar products are made, has received European Union (EU) Good Manufacturing Practice (GMP) certification.
Following an inspection in March, the EU listed six major observations, none of which were classified as critical, and Biocon responded with a corrective and preventive action plan that evidently satisfied the regulator.
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