Friday, May 20, 2022

USFDA issues 13 observations to Lupin

By PTI

Published: Published Date - 08:04 PM, Mon - 9 November 20

Lupin said it does not believe that the observations will have an impact on disruption of supplies or the existing revenues from operations of this facility Lupin said it does not believe that the observations will have an impact on disruption of supplies or the existing revenues from operations of this facility

New Delhi: Drug firm Lupin on Monday said the US health regulator has issued 13 observations after inspection of its subsidiary’s Somerset facility in New Jersey.

In a regulatory filing, Lupin said the inspection by US Food and Drug Administration (USFDA) commenced on September 10, 2020, and concluded on November 5, 2020. The duration of the inspection was prolonged due to COVID-related delays and challenges.

The inspection has closed with 13 observations, it said. “We are confident of addressing these observations and will work closely with the agency to address their concerns,” the company said. Lupin said it does not believe that this will have an impact on disruption of supplies or the existing revenues from operations of this facility.

The facility contributes less than 5 per cent of our global revenues, it added. Shares of Lupin were trading 0.52 per cent lower at Rs 911.60 apiece on BSE.