Claris Lifesciences shares plunged over 5 percent on Friday, after the company said it would transfer its infusions business, which accounted for more than half of its revenue, to a joint venture with Japan's Otsuka Pharmaceutical Factory and Mitsui & Co for Rs 1,050 crore in cash.
Speaking to CNBC-TV18, Arjun Handa, managing director & CEO of Claris Lifesciences said."We have had very productive meeting with the US FDA and are hopeful of resolving the issue very soon. We don’t see this as very big hurdle for the company."