Sun goes down due to latest FDA inspectors' concerns
Leading Indian drugmaker Sun Pharmaceutical Industries (BSE: 524715) was trading 4.5% lower than it was at Tuesday’s close at a current 675.35 rupees after news that the US Food and Drug Administration (FDA) had raised further concerns about its Halol manufacturing plant in Gujarat.
The FDA previously sent Sun Pharma a warning letter for manufacturing lapses at the site in the west of the country last year. The plant, where US-exported products including injectables are manufactured, is among the company’s largest.
"None were characterized by the FDA as repeat observations"
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