Tuesday, December 29, 2009

Event: US FDA issued warning letter to one of Ranbaxy’s plant in Ohm Labs

Ranbaxy has disclosed that the US FDA has issued warning letter to one of its plants in the US (Gloversvillic, NY). This is one of the three plants in Ohm Labs which basically manufacture liquid products and other two plants did not have any material deviations. Ranbaxy has engaged a consultancy firm to address the issues.

Impact on Ranbaxy:

Management has indicated that this facility is relatively a small facility manufacturing liquid formulation. Sales from this facility account for 5-7% of US revenue and 1-2% of overall revenue. Sales would continue while approvals are likely to be on hold (not many filings pending).

--
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
 
You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en

No comments:

Blog Archive

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest