Sun Pharma gets FDA import warning for India plant, shares drop

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Sun Pharma gets FDA import warning for India plant, shares drop
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Sun Pharmaceutical Industries Ltd's drug shipments from its Gujarat plant could be refused entry in its key U.S. market after the drug regulator slapped an import alert on the facility, the drugmaker said on Thursday.

A guard walks inside the office of Sun Pharmaceutical Industries Ltd in Mumbai, India, November 13, 2018. REUTERS/Francis MascarenhasHalol supply to U.S. accounted for 3% of Sun revenue in FY22BENGALURU, Dec 8 - Sun Pharmaceutical Industries Ltd's

"The company continues to cooperate with the U.S. FDA and will undertake all necessary steps to resolve these issues and to ensure that the regulator is completely satisfied with the company's remedial action," Sun Pharma said. It was not immediately clear what remedial action the FDA had asked the company to take. Sun Pharma did not immediately respond to Reuters' request for further comment. The company also said it was evaluating whether it would incur any additional costs for remediation.

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India's Sun Pharma hit by U.S. FDA import alert on plant, shares dropIndia's Sun Pharma hit by U.S. FDA import alert on plant, shares dropSun Pharmaceutical Industries Ltd's drug shipments from its Gujarat plant could be refused entry in its key U.S. market after the drug regulator slapped an import alert on the facility, the drugmaker said on Thursday.
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