Hot Pursuit     23-Dec-23
Zydus Life Ahmedabad unit gets 6 observations
The dug maker’s API site situated at Changodar in Ahmedabad was inspected by the US drug regulator from 14 December 2023 to 22 December 2023.
The PAI-cum-GMP (pre- approval inspection-cum-good manufacturing practices) inspection was closed with six observations.

There were no data integrity related observations and also, no repeat observations from the previous inspection.

There are 4 DMFs of this site under approval with the USFDA. The company said that it will closely work with the USFDA to address the observations.

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 surged 53.2% to Rs 800.7 crore on 9.1% increase in revenue from operations to Rs 4,368.8 crore in Q2 FY24 over Q2 FY23.

Shares of Zydus Lifesciences added 1.35% to end at Rs 679.95 on Friday, 22 December 2023.

The stock exchanges will remain closed on Monday, 25 December 2023, on the occasion of Christmas.

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