Shilpa Medicare gains as unit VI gets USFDA EIR with VAI classification
The good manufacturing practice (GMP) inspection was conducted from 24 October 2024 to 30 October 2024.
This facility is capable of manufacturing, packaging, testing, storage and distribution of two types of complex dosage forms - oral dissolving films and transdermal systems.
The Unit is already approved by EMA, Europe; MHRA, UK; SFDA, Saudi and TGA, Australia.
This Unit is currently supplying Oral Film products to US and other markets. Transdermal products have been filed in the European market.
Shilpa Medicare is a manufacturer of API, formulation, and development services. Shilpa Medicare (SML) started its operations as an API manufacturer way back in 1987 at Raichur, Karnataka, India.
The company's consolidated net profit fell 40.77% to Rs 14.51 crore, while revenue from operations rose 13.40% to Rs 330.80 crore in Q4 FY25 over Q4 FY24.
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