Given the impending general elections, Sebi has tightened its monitoring of brokers to check mail practices. The regulator has also dwelt in detail to see if the brokers followed all the rules applicable for flagging and monitoring of PEP accounts.
Even as pharma exports grew in terms of volumes and value, the cloud of inadequate hygiene and safety in some pharma companies continued to hang over the industry, forcing the government to put in place more stringent inspections and processes.
The company is expecting strong growth in the current fiscal both from India and US. Major approvals are expected to drive growth for Glenmark, says Chairman and Managing Director Glenn Saldanha.
Joint inspections with eight other regulators carried at six of Ranbaxy‘s laboratories in Himachal Pradesh found discrepancies in testing, stability standards and expiry dates, among other standards.
The US food regulator is said to have conducted its inspections on the facility as early as January of this year. Already, Cadila is reeling under the warning letter it received on its Moraiya facility in January.