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News Business Wockhardt sinks about 14% on FDA import alert

Wockhardt sinks about 14% on FDA import alert

New Delhi: Shares of Indian generic drugmaker Wockhardt Ltd went tumbling after The US Food and Drug Administration imposed an 'import alert', effectively a ban, on the company's Chikalthana plant. The alter sent the company's

wockhardt sinks about 14 on fda import alert wockhardt sinks about 14 on fda import alert
India TV Business Desk November 27, 2013 11:36 IST
New Delhi: Shares of Indian generic drugmaker Wockhardt Ltd went tumbling after The US Food and Drug Administration imposed an 'import alert', effectively a ban, on the company's Chikalthana plant. The alter sent the company's shares down as much as 13.5 per cent.

An "import alert" results in the detention without physical examination of drugs from firms that have not met so-called good manufacturing practices, according to the FDA website.

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