Sun Pharma’s Mohali Plant Under The Watch Of FDA
FDA initiates unannounced inspection at Sun Pharma's Mohali plant; shares drop 3.72% on news.
Breaking News
Jun 24, 2024
Mrudula Kulkarni
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Two days after the US Food and Drug Administration (FDA)
highlighted six procedural deficiencies at Sun Pharmaceutical Industries Ltd
Halol manufacturing site, the regulator intensified its scrutiny by initiating
an unannounced three-day inspection at the company's Mohali plant in Punjab on
Monday.
The US drug regulator discovered seven instances of
manufacturing standards violations at the Mohali plant during an inspection
from November 7 to November 16, 2016. They issued Form 483, identifying four
discrepancies in the laboratory system, two in the quality system, and one in
production. Form 483 is given to a company’s management after an inspection
concludes, noting observed conditions that might breach the Food Drug and
Cosmetic Act and related Acts.
The Mohali plant, previously owned by Ranbaxy Laboratories
Ltd, faced an FDA import alert in 2013. Sun Pharma acquired Ranbaxy two years
later for $4 billion. Although the FDA had lifted the import ban on the Mohali
facility earlier, two individuals familiar with the situation disclosed that
the FDA conducted an unexpected inspection on Monday. Sun Pharma declined to
comment on the FDA inspection at Mohali. Following this news, Sun Pharma's
shares dropped by 3.72% to ₹ 639.50 on the BSE.