Aurobindo Pharma slips 5% after detailed USFDA observations to unit 3

USFDA observed that responsibilities and procedures applicable to the quality control unit are not in writing and fully followed

Aurobindo Pharma shares fell nearly 5 percent intraday on June 3 after detailed USFDA observations for company's unit-3.


The stock was quoting at Rs 645.30, down Rs 27.45, or 4.08 percent on the BSE, at 1332 hours IST.

CNBC-TV18 accessed Form 483 issued by US Food and Drug Administration to company's unit-3 after inspection during May 13-24, 2019.

The unit-3 is a multi-product oral dosage form facility for non-cephalosporins and non-beta-lactams.

The unit had received 10 observations which are:

1) Responsibilities and procedures applicable to the quality control unit are not in writing and fully followed;
2) Sample which is representative of each lot in each shipment of each active ingredient is not appropriately identified and retained;
3) Written procedures are not followed for cleaning and maintenance of equipment;
4) Lab records do not include complete data derived from all tests, examinations;
5) Written records of investigations into unexplained discrepancies do not always include conclusions, follow up;
6) A written record of investigations of drug complaint does not include findings of the investigation and follow up;
7) Appropriate controls not exercised over computers or related systems to assure changes are instituted only by authorized personnel;
8) Back up data is not assured from alteration, erasure or loss;
9) Drug product expiration dates not related to storage conditions stated on labeling;10) Buildings used for drug products do not have suitable construction.

For taking 2 days free trial and Stock Market Tips with more than 90% accuracy click here MCX Tips

Comments

Popular posts from this blog

Technical Classroom: How to use Fibonacci Retracement Levels in stock trading

Veto Switchgears jumps 5% on realisation of unsecured loan

Trade Setup for Wednesday: Top 15 things to know before Opening Bell