Aurobindo Pharma shares fall 6% after USFDA warning letter for Eugia Unit-III

The drug manufacturer Aurobindo Pharma Ltd., situated in Hyderabad, told the exchanges on Friday that the United States Food and Drug Administration (USFDA) had sent a warning notice to its Unit-III, a formulations manufacturing facility of Eugia Pharma Specialties Ltd.

Eugia Pharma is a completely owned subsidiary of Aurobindo Pharma.

Following the USFDA observation, the Pashamylaram-based unit was granted Official Action Indicated (OAI) status in May of this year.

The USFDA issues warning letters to companies to inform them of concerns about their actions. Warning letters can be sent for several reasons, such as poor manufacturing practices, issues with product claims, or improper usage instructions.

According to Aurobindo Pharma’s exchange report, the current supply to the US markets is unaffected.

As of 10:55 am, Aurobindo Pharma shares were trading 2.93% lower at Rs 1,475.20 on the NSE.

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