IPCA labs received USFDA alert - stock crashed by 12%
IPCA labs received USFDA alert – stock crashed by 12%
US FDA has issued import alert to the IPCA lab’s formulations manufacturing units situated at SEZ Indore (Pithampur) and Piparia (Silvassa) on March 24. Stock crashed by 12% in the morning hours.
IPCA Lab’s API unit in Ratlam, Madhya Pradesh already received import alert from USFDA. Company voluntarily decided to suspend API shipments from Ratlam manufacturing unit for the US market till the US…
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