Hot Pursuit     27-Mar-23
FDC rises as API facility clears USFDA inspection
FDC rose 1.69% to Rs 259 after the pharma company said that the US drug regulator successfully completed its inspection at its Raigad active pharmaceutical ingredients (API) facility with no observations.
The United States Food and Drug Administration (USFDA) inspected the company's manufacturing facilty located at Roha, District Raigad in Maharashtra from 20 March 2023 to 24 March 2023.

The audit has been successfully completed by the US FDA with ‘no observations' or zero 483's, said the company.

The company added that the product manufactured at the above facility continues to be marketed in the USA.

FDC is a fully integrated research-oriented pharmaceutical company engaged in the manufacturing and marketing of Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).

The company's consolidated net profit rose 14.2% to Rs 40.75 crore on 19.8% jump in net sales to Rs 409.30 crore in Q3 FY23 over Q3 FY22.

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