India business stood at Rs 4.55 billion in the quarter as against Rs 4.52 billion in same period last year
The stock moved higher by 13% to Rs 503 on the BSE in intra-day trade on Monday, after hitting four-year low of Rs 437 on Friday.
Ace Proxyvon, which is sold by the company in a tablet form, is a mixture of three salts -- aceclofenac, paracetamol and rabeprazol -- a combination which is banned
India, US and Irish business of the company grew by 30 per cent, 20 per cent and 7 per cent respectively
Complex drugs will be less competitive than vanilla generic, but it is still going to be competitive as global players are there, says Habil Khorakiwala
The drugmaker lost over Rs 20 billion of sales from the US market over the past four years
This was in relation to a supply contract for a drug named Trisenox
Drug firm mulling alternatives, including issuing securities to investors
Reported a Rs 196-crore net loss for 2016-17 against a profit of Rs 251 crore in the previous year
Shares of the company were trading 0.96% down at Rs 678.45 on BSE
This may help contain the problem of anti-microbial drug resistance
Wockhardt which has received US FDA warning letters on four of its plants is now facing an issue with Ireland's drug regulator.The Irish drug regulator did not recommend the renewal of good manufacturing practices (GMP) certificate of Wockhardt's Shendra plant in Maharashtra and has advised the drug maker to to take corrective actions following an inspection. This is contrary to the claim made by Wockhardt in its notification to the stock exchange on Tuesday in which it said Irish regulator has recommended the renewal of the GMP certificate.The development comes within a week of US Food and Drugs Administration issuing a warning letter to Wockhardt's manufacturing unit in the US.In an emailed response Ireland's Health Products Regulatory Authority (HPRA) said an inspection was carried at Shendra for five days till March 3 covering some non sterile dosage forms. Injectable dosage forms were not within the scope of the inspection." The company (Wockhardt) was advised that corrective ..
The stock dipped nearly 7% to Rs 701 on the BSE in early morning trade
Three Indian plants already under alert; Non-compliance shaves off 66% in US revenue in last 4 years
The stock was up 6% to Rs 713 on the BSE in early morning trade
USFDA had issued warning to the company for violating good manufacturing practice norms
Share of US business revenue down to 17%
USFDA has already banned the import of products from the facility into the US market since August 5, 2016
Three of firm's units under import alert; FDA cites failure to check microbiological contamination
On BSE, the scrip opened at Rs 699 and jumped 3.24 per cent to an early high of Rs 704.