Moneycontrol PRO
HomeNewsBusinessMarketsAurobindo Pharma trades 2% down as US FDA spots issues in Telangana unit

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
CNBC-TV18 got hold of US FDA's form 483 on Aurobindo Pharma arm, Eugia Pharma's SEZ unit in Telangana.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    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.

    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.

    Follow our market blog to catch all the live updates

    The US FDA also found that equipment were not suitably located to facilitate operations. It added that employees engaged in manufacturing and processing the drug product lack training. The plant did not have procedures to validate performance of manufacturing process and drugs.

    On February 29, the company had restarted production in its terminally sterilised product lines at its Unit-III that was temporarily stopped to address some of the observations of the US FDA in their recent inspection.

    Shortly, it restarted its aseptic lines too. “We also expect to start commercial production from the aseptic lines of the said facility in a phased manner beginning next week and to re-start all the lines by April 15, 2024,” the pharma company had informed the exchanges on March 12.

    Aurobindo says that it produced more than 40 billion dosage forms in  fiscal year 2023.

    Also Read | Aurobindo Pharma restarts aseptic product distribution; shares trade higher

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Mar 15, 2024 12:50 pm

    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