logo
U.S. FDA issues two observations to Dr. Reddy's API plant in Telangana

U.S. FDA issues two observations to Dr. Reddy's API plant in Telangana

The Hindu24-05-2025
The United States Food and Drug Administration (U.S. FDA) has issued a Form 483 with two observations to generic drugmaker Dr. Reddy's Laboratories' active pharmaceutical ingredients (API) manufacturing facility in Miryalaguda, Telangana.
The U.S. FDA conducted a Good Manufacturing Practices (GMP) inspection of the API manufacturing facility (CTO-5) in Miryalaguda from May 19-24. 'We have been issued a Form 483 with 2 observations, which we will address within the stipulated timeline,' the company said in a filing on Saturday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Aurobindo Pharma Q1 results: Profit drops 10% to ₹824 crore on US sales
Aurobindo Pharma Q1 results: Profit drops 10% to ₹824 crore on US sales

Business Standard

time6 hours ago

  • Business Standard

Aurobindo Pharma Q1 results: Profit drops 10% to ₹824 crore on US sales

Aurobindo Pharma on Monday reported a 10 per cent decline in its consolidated net profit to ₹824 crore for the June quarter, hit by dip in sales in the US and API business vertical. The Hyderabad-based drug maker posted a net profit of ₹918 crore for the April-June quarter of last fiscal. Revenue from operations increased to ₹7,868 crore for the June quarter as against ₹7,567 crore in the year-ago period, Aurobindo Pharma said in a regulatory filing. "We started the year steadily, with our European business maintaining strong growth momentum and our core US business showing resilience despite temporary challenges from destocking and seasonal dynamics," K Nithyananda Reddy, Vice-Chairman and Managing Director of the company said. The company's disciplined execution, operational initiatives, and recent US acquisition strengthens commercial footprint and accelerates growth potential, he added. The board of directors at its meeting held on Monday has approved the payment of interim dividend of 400% i.e ₹4.00 per equity share of ₹1. /- each on equity share capital of the company. The company has fixed August 8, 2025, as the record date for purpose of the payment of interim dividend. Shares of the company on Monday ended 1.04 per cent up at ₹1,090.90 apiece on BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Essex Marine IPO booked 18% so far on the first bidding day; check GMP, issue details
Essex Marine IPO booked 18% so far on the first bidding day; check GMP, issue details

Mint

time12 hours ago

  • Mint

Essex Marine IPO booked 18% so far on the first bidding day; check GMP, issue details

Essex Marine IPO commenced on Monday, August 4 and will conclude on Wednesday, August 6. Essex Marine IPO price band has been set at ₹ 54 equity share, each with a face value of ₹ 10. Investors can place bids for a minimum of 2,000 equity shares and in multiples of 2,000 shares thereafter. Essex Marine Limited specializes in seafood processing and exporting. The company sources, processes, stores, and ships high-quality fish and aquaculture products, such as ribbon fish, eel fish, marine fish, squid, and mackerel, to destinations including China, Belgium, and Japan. Their processing facility in Midnapur, West Bengal, features state-of-the-art equipment like IQF with Glazer and Hardener, plate freezers, blast freezers, and cold storage units, complying with international standards such as HACCP, GMP, SSOP, FSSAI, and BRC. The company is involved in the complete frozen fish and shrimp supply chain, obtaining products from India's eastern coast, processing them, and exporting to clients worldwide. The company's advanced processing facility is situated in Shankarpur, close to Digha, a significant landing site in Purba Medinipur, West Bengal, recognized for its substantial Vannamei aquaculture production. As per the Prospectus, the company's listed peers are Kings InfraVentures Ltd (with a P/E of 25.23), and Zeal Aqua Ltd ( with a P/E of 14.02). Essex Marine IPO subscription status is 18% on day 1 so far, as per The retail portion was subscribed 33%, and NII portion was booked 3%. The company has received bids for 7,38,000 shares against 40,48,000 shares on offer on the first bidding day, at 14:14 IST, according to data on Essex Marine IPO consists of a fresh issue of 42,62,000 equity shares, aggregating to ₹ 23.01 crore. There is no offer-for-sale (OFS) component. The Essex Marine IPO aims to use the net proceeds from the offering for various purposes, including expanding the current peeling capacity at its processing facility in West Bengal, establishing a "Ready-to-Cook" section by incorporating blanching into the existing process, meeting the company's working capital needs, settling or prepaying debts, and addressing general corporate requirements. Khandwala Securities Limited is serving as the book-running lead manager for the Essex Marine IPO, whereas Skyline Financial Services Private Ltd acts as the registrar for this offering. The market maker for the Essex Marine IPO is Gretex Share Broking Private Limited. Essex Marine IPO GMP today is +11. This indicates Essex Marine share price were trading at a premium of ₹ 11 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Essex Marine share price was indicated at ₹ 65 apiece, which is 20.37% higher than the IPO price of ₹ 54. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

Torrent Pharma's Vizag facility clears USFDA inspection with zero observations
Torrent Pharma's Vizag facility clears USFDA inspection with zero observations

Business Standard

time14 hours ago

  • Business Standard

Torrent Pharma's Vizag facility clears USFDA inspection with zero observations

Torrent Pharmaceuticals announced that the United States Food and Drug Administration (USFDA) has successfully completed an inspection of its manufacturing facility in Visakhapatnam, Andhra Pradesh. According to an exchange filing, the inspection was conducted from 28 July to 1 August 2025. The company reported that the inspection concluded with zero observations. Torrent Pharmaceuticals is the flagship of the Torrent Group and ranks seventh in the Indian pharmaceutical market. It is among the top five players in key therapeutic areas such as cardiovascular, gastrointestinal, central nervous system, and cosmo-dermatology. With nearly 76% of its India business coming from chronic and sub-chronic therapies, Torrent remains a focused, specialty-driven player. The pharma major reported a net profit of Rs 548 crore in Q1 FY25, marking a 20% year-on-year increase. Revenue for the quarter stood at Rs 3,178 crore, an 11% rise over Q1 FY25. The scrip slipped 1.34% to Rs 3,624.85 on the BSE.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store