Wednesday 6 March 2019

Biocon slips over 2% on 6 USFDA observations

Biocon shares slipped over 2 per cent on Thursday morning after the US health regulator issued six observations in Form 483 after pre-approval inspection of its insulin drug substance manufacturing facility in Bengaluru. “The USFDA concluded a pre-approval inspection of Biocon’s insulin drug substance manufacturing facility triggered by a New Drug Application submitted by the company’s insulin API customer,” the company said.
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