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Alembic snug after latest plant inspections, but street remains cautious

Updated : April 24, 2018 07:17 PM IST

Alembic’s active pharmaceutical ingredient (API) units in Panelav in Gujarat had successful back-to-back inspections by the USFDA.
But the company’s oral solid unit in Panelav, inspected by the USFDA in 2016 and 2018, didn’t enjoy the same zero observations as the API plants.
The stakes are even higher as the Panelav solid dosages plant is the only USFDA-approved formulation facility and the US contributes 28% of total sales.
Alembic snug after latest plant inspections, but street remains cautious
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