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MUMBAI - Shares of Wockhardt, one of the leading Indian pharmaceutical and biotechnology companies, witnessed a sharp fall of 20% to Rs. 1,315 ($23.61) on the Bombay Stock Exchange(BSE) on Thursday after the US FDA published an import alert on one of its three manufacturing facilities near Aurangabad. The import alert, 'detention without physical examination of drugs from firms which have ...
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Microsoft Corp. did not violate a Motorola Mobility patent when it made its Xbox gaming console, the International Trade Commission ruled Thursday.If the ITC had found that Microsoft infringed, it could have barred the Xbox from being imported into the United States. The fight over the Xbox is related to a larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use ...
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On the record
We must define the nature and scope of this struggle, or else it will define us. Neither I, nor any President can promise the total defeat of terror. What we must do is dismantle networks that pose a direct danger.
The U.S. president was speaking on his administration's counter terrorism policy.
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I had stayed at this hotel once before, some years previous, so was looking forward to a new review. The ...Keep reading
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The Boy Scouts of America National Council has resolved to accept gay members. Do you agree with this policy?
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MUMBAI - Shares of Wockhardt, one of the leading Indian pharmaceutical and biotechnology companies, witnessed a sharp fall of 20% to Rs. 1,315 ($23.61) on the Bombay Stock Exchange(BSE) on Thursday after the US FDA published an import alert on one of its three manufacturing facilities near Aurangabad.
The import alert, 'detention without physical examination of drugs from firms which have not met drug GMPs', is issued when an U.S. Food and Drug Administration (FDA) inspection has revealed that a firm is not operating in conformity with current good manufacturing practises (GMP's), FDA said on its website.
The Import alert follows FDA raising observations/queries related to Wockhardt's injectable block
FDA's decision can impact Wockhardt's sales by over $100 million if the import alert is for its entire Export Oriented Units (EoU).
"The USFDA has put an import alert on one of our facilities, at Waluj, near Aurangabad. We estimate that it would impact our business by $100 million on an annualised basis," Wockhardt Chairman Habil Khorakiwala told news agency PTI.
He added that till the time USFDA lifts the import alert, the company would not be able to export products to the US market from the facility, which produces injectables as well as solid dosages. ...
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