The case pertains to Sun Pharma's US subsidiary Caraco. The US Circuit Court of Appeals ruled that Caraco did not comply with norms while closing two of its units in Detroit and Farmington Hills.
However, softer issues may possibly drag the management bandwidth as this is the first time the company has received an import alert.
Shares of Sun Pharmaceutical Industries fell more than 6 percent intraday Thursday on getting USFDA import alert for its Karkhadi unit.
Caraco has received approval from US Food and Drug Administration (FDA) for Risperidone oral tablets.
Sun Pharmaceutical Indusries' fourth quarter revenues may rise by 26 percent year-on-year to Rs 2,946 crore during the March quarter.
Drug firm Sun Pharmaceutical Industries today said its US-based subsidiary Caraco has successfully completed the tender offer to acquire Dusa Pharmaceuticals.
Sun Pharmaceutical Industries on Tuesday said its subsidiary Caraco has received clearance from US Food and Drugs Administration to resume operations at its manufacturing facility and packaging sites at Detroit and Wixom, in Michigan, United States and start production of two drugs.
Drug producer Sun Pharmaceutical Industries gained nearly 1% on Tuesday as the company said its subsidiary Caraco has received US FDA clearance to resume operations at its manufacturing facility and packaging sites in Detriot and Wixom, Michigan.
The US Supreme Court ruled on Tuesday in favor of a generic drugmaker in a case over how companies can fight brand-name rivals in an effort to get their cheaper medicines to market.