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Aveo's top executive says no illegal exports of banned drug combinations, blames counterfeiters

Arvind Sharma, Managing Director told Moneycontrol that the exports were done only after getting valid product permissions from the State FDA and required export no-objection certificates

March 11, 2025 / 14:02 IST
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Aveo Pharmaceuticals top executive says followed rules, never exported to countries where drug combo is banned

Aveo Pharmaceuticals, the Mumbai-based drugmaker which is under scanner for alleged illegal export of unapproved and potentially dangerous opioid and muscle relaxant combinations to West African countries said it never sold such medications in the countries where it is banned.

The company said the combinations of tapentadol and carisoprodol sold under its brand name illegally could be of the counterfeiters.

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Arvind Sharma, Managing Director told Moneycontrol that the exports were done only after getting valid product permissions from the , State FDA and required export no-objection certificates (NOCs).

"We are also facing problems of counterfeit as there are several companies who are unlawfully using our brand name and logo, we have already filed multiple legal cases against them in High Court," Arvind Sharma, Managing Director told Moneycontrol.