Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesCaraco Pharma not to manufacture from Detroit by FY11 end

    Caraco Pharma not to manufacture from Detroit by FY11 end

    Based on remediation efforts to date, Detroit-based Caraco Pharmaceutical Laboratories, a subsidary of Sun Pharmaceutical, said that it does not expect to commence the manufacture and distribution of products from its Detroit facility by the end of FY11.

    January 04, 2011 / 10:16 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Based on remediation efforts to date, Detroit-based Caraco Pharmaceutical Laboratories, a subsidary of Sun Pharmaceutical, said that it does not expect to commence the manufacture and distribution of products from its Detroit facility by the end of FY11. The company had said earlier that two products would commence manufacture in the Detroit facility prior to the end of fiscal 2011.The company's remediation steps yet to be completed for Detroi plant.

      Forfeiture and Permanent Injunction entered into with the FDA on September 29, 2009, however, a number of significant steps and processes are yet to be completed. The company will not be able to begin the manufacture and distribution of products by the end of FY11.

      Caraco's remediation efforts towards the resumption of manufacturing and distribution from its facilities are still ongoing, but they are unable to predict when such manufacturing and distribution will resume. There is no assurance that the remediation efforts will be successful or result in resolution of the FDA compliance issues.

      first published: Jan 4, 2011 09:46 am

      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!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
      CloseOutskill Genai