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Aurobindo Pharma trades 2% down as US FDA spots issues in Telangana unit

Aurobindo Pharma subsidiary's Telangana plant was slapped with 7 observations by the US FDA after its inspection of the unit from February 19-29.

March 15, 2024 / 13:07 IST
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CNBC-TV18 got hold of US FDA's form 483 on Aurobindo Pharma arm, Eugia Pharma's SEZ unit in Telangana.
CNBC-TV18 got hold of US FDA's form 483 on Aurobindo Pharma arm, Eugia Pharma's SEZ unit in Telangana.

The US Food and Drug Administration has raised procedural and cleanliness issues in Aurobindo Pharma subsidiary Eugia Pharma SEZ unit in Telangana, according to CNBC-TV 18.

Shares of Aurobindo Pharma reacted to the development, trading down nearly 2 percent to Rs 993.85, at 12.30pm on the NSE on March 15.

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Aurobindo Pharma subsidiary's Telangana plant was slapped with seven observations in its Form 483 after inspection of the unit during February 19 to 29. The US drug regulator noted that procedures to prevent contamination were not followed and written records were not maintained leading to unexplained discrepancy.

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