Hot Pursuit     03-Jul-23
Zydus Life receives EIR from USFDA for Ahmedabad facility
Zydus Lifesciences announced that it has received Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) at its manufacturing facility located at Pharmez, Ahmedabad.
The drug regulator conducted inspection from 20 March to 24 March 2023. The inspection has been classified as Voluntary Action Indicated (VAI). The EIR report indicates that the inspection is closed.

Zydus Lifesciences is a discovery-driven, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies.

The company's consolidated net profit (from continuing operations) tumbled 27.55% to Rs 298.8 crore despite of 31.66% jump in total revenue from operations to Rs 5,010.6 crore in Q4 FY23 over Q4 FY22.

The scrip rose 1.44% to Rs 591.15 on the BSE.

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