Dr.Reddy’s on Friday said it has received Form 483 observation for its formulations plant in Srikakulam .
“The audit of our Formulations Srikakulam Plant (SEZ) Unit 1, Andhra Pradesh, by the US FDA has been completed today,” Dr.Reddy’s said in a statement.
“We have been issued a Form 483 with one observation, which we are addressing,” the company added.
The company didn’t disclose the nature of these observations.
The announcement came after the market hours.
Shares of Dr.Reddy's dropped 0.81 percent to close at Rs.2677.10 on BSE, the benchmark Sensex declined 0.06 percent to end at 31,056.40 points.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.