Shares of the company were trading 0.14% down at Rs 2,588.75 on BSE
Since Feb 3, post Q3FY17 results, the stock declined 19% as compared to 7% rise in Sensex.
The stock was up 3% at Rs 2,712 against 0.18% decline in the S&P BSE Sensex at 09:30 am.
Srikakulam unit is among three facilities that received warning letter from US FDA in Nov 2015
The US drugs regulator had issued a warning letter to three of firm manufacturing facilities
Claims sought injunctive relief to prohibit manufacturing, use, import, sale of palonosetron product prior to expiration
The stock hit a 52-week low of Rs 2,799, down 4% on the National Stock Exchange in intra-day trade.
The company recently launched select products of its hospital portfolio in Italy and Spain
Revenues dropped by 7% to Rs 3,707 crore y-o-y
The company received a warning letter from the USFDA on November 5, 2015, for specific violations
In past three-trading sessions, post QFY17 results the stock gained 7% as compared to 1.62% decline in Sensex
Combined sale of branded and generic versions of the products in the US is approximately $1 billion
Declining US sales had a bearing on the company's revenues and profitability
Shares of DRL were trading at Rs 3,115.60 on BSE during the morning trading hour, up 0.84 per cent from previous close
The product is a generic equivalent of Lamictal ODT in the US; Lamictal ODT is a registered trademark of GSK group
Faster pace of product launches can drive recovery in growth, but for regulatory clearances
The drugs provide treatment options to physicians to address unmet medical needs in the area of oncology and osteoporosis
The Dow Jones Sustainability Indices is a leading global benchmark for corporate sustainability
Redesigns its syrup bottles and blister packs
Pharma major expects some products to add to its topline in 2018; products were being divested by Teva as a condition to close acquisition with Allergan