- 05:51 PM In good spirits: Beam Global bets big on India
- 05:47 PM Trellisys.net: Cashing in on the social networking...
- 05:34 PM Obama asks Americans for patience on economy
- 05:34 PM Italy arrests Pakistanis suspected of Mumbai links
- 04:37 PM Govt plans rice reserve sale in local markets
- 04:22 PM Aurobindo Pharma sees $2 bn sales in next 3 ye...
- 04:07 PM Now, Daigeo's duty free products are under DRI len...
- 03:11 PM RBI's new forex derivative rule too liberal, say e...
- 02:30 PM Implications of tax treaty re-negotiation
- 02:25 PM Beware unearths how agents allegedly sell cars at ...


The ongoing tussle between the US FDA and Ranbaxy is far from over and so are the worries of the company's stakeholders. Experts say it may take over an year for any resolution to come. CNBC-TV18's Sriram Iyer reoprts.
Ranbaxy is going through US FDA's Application Integrity Policy Audit -- a process of investigating alleged falsification of data.
Of the 18 companies which went through the AIP audit, five of them shut down. And, three other companies, for whom data is available, it took about 26 long months to come clean.
How it works
Ranbaxy has to undertake third party independent audit of applications submitted from its Poanta Sahib plant. This will be followed by an FDA inspection, and only after can the AIP be revoked.
More importantly, there cannot be partial revocation, which means Ranbaxy has come clear in every data on every drug that has been questioned by the FDA.
Experts also say greater damage may be caused other regulatory agencies taking actions in line with the USFDA. This could affect the company's other international markets. According to sources Ranbaxy has already stopped shipping products from the Poanta Sahib facility to
Also see: US FDA says Ranbaxy falsified drug application data
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- 5 stks that were buzzing last week & how to trade them now
- Buy Aban Offshore, target of Rs 2,200: Anand Rathi
- Buy sugar, financials, pharma on declines: Experts

- Sensex ends over 200 pts up led by banks, oil & gas, metals
- Cox and Kings IPO subscribed 6.31 times
- Bharti Airtel reduces roaming charges to 50 paise/min

- In good spirits: Beam Global bets big on India
Source: CNBC-TV18
- Trellisys.net: Cashing in on the social networking craze
Source: Moneycontrol.com
- Aurobindo Pharma sees $2 bn sales in next 3 years
Source: CNBC-TV18
- Now, Daigeo's duty free products are under DRI lens
Source: Moneycontrol.com
- HDFC Standard Life plans IPO in 2010-11
Source: Business Line
- GM India will not cede ground in Chinese alliance
Source: Business Line
- Spices export rises in Oct
Source: Business Line
- Bharat Hotels to invest Rs 2,300 cr in new properties
Source: Business Line




.jpg)


















