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The USFDA had conducted the inspection from 17 October 2022 to 21 October 2022 at company's Bioequivalence facility at Vadodara.
Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company. It manufactures and markets generic pharmaceutical products all over the world.
The pharmaceutical company reported a consolidated net loss of Rs 65.88 crore in Q1 FY23 as against a net profit of Rs 164.52 crore posted in Q1 FY22. Net sales fell 4.8% year on year to Rs 1,262.14 crore in the quarter ended 30 June 2022.
Shares of Alembic Pharmaceuticals were up 0.17% to Rs 549.60 on the BSE.
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