Hot Pursuit     26-Sep-23
Gland Pharma gains after receiving EIR report for Hyderabad facility from USFDA
Gland Pharma added 2.07% to Rs 1,694.05 after the company received establishment inspection report (EIR) from US Food and Drug Administration (USFDA) indicating closure of the inspection.
Earlier on 27 June 2023, the company informed that USFDA had pre-approval inspection (PAI) for 7 products and good manufacturing practice (GMP) inspection at its Pashamylaram facility at Hyderabad between 15th June, 2023 and 27th June 2023. The inspection was concluded with one observation.

Gland Pharma is one of the largest and fastest growing injectable-focused companies, with a global footprint across 60 countries, including the United States, Europe, Canada, Australia, India, and other markets. It operates primarily under a business to business (B2B) model. It has a wide range of injectables, including vials, ampoules, pre-filled syringes, lyophilized vials, dry powders, infusions, oncology, and ophthalmic solutions and also enjoys the distinction of having pioneered Heparin technology in India.

The company's consolidated net profit declined 15.3% to Rs 194.10 crore despite of 41.1% jump in revenue to Rs 1,208.69 crore in Q1 FY24 over Q1 FY23.

Previous News
  Gland Pharma Q2 PAT declines 19% YoY to Rs 194 cr
 ( Hot Pursuit - 07-Nov-23   10:26 )
  Gland Pharma Ltd spurts 2.01%, gains for third straight session
 ( Hot Pursuit - 27-Dec-23   13:05 )
  Volumes spurt at Gland Pharma Ltd counter
 ( Hot Pursuit - 07-Nov-23   11:00 )
  Gland Pharma Dundigal facility gets EIR from USFDA
 ( Hot Pursuit - 24-Aug-23   12:15 )
  Gland Pharma consolidated net profit declines 20.14% in the September 2022 quarter
 ( Results - Announcements 27-Oct-22   08:12 )
  Gland Pharma Ltd spurts 2.75%, up for third straight session
 ( Hot Pursuit - 23-Mar-23   13:05 )
  Gland Pharma's Pashamylaram facility clears USFDA inspection
 ( Corporate News - 26-Sep-23   11:46 )
  Board of Gland Pharma appoints Chief Operating Officer
 ( Corporate News - 07-Aug-23   17:15 )
  Gland Pharma's VSEZ sterile oncology facility gets USFDA clearance
 ( Hot Pursuit - 31-Jul-23   08:47 )
  Gland Pharma
 ( Results - Analysis 21-Jul-22   10:49 )
  Gland Pharma gains after receiving EIR report for Hyderabad facility from USFDA
 ( Hot Pursuit - 26-Sep-23   11:28 )
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