USFDA removes Jubilant Generics' Olanzapine, Spironolactone and Valsartan from the excepted products list

Jubilant Pharmova Limited's wholly owned subsidiary Jubilant Pharma Limited, has announced that its subsidiary Jubilant Generics Limited (JGL) received a communication from the USFDA through which the latter intimated that it has decided to remove olanzapine orally disintegrating tablets, spironolactone tablets, and valsartan tablets from the list of excepted products from the Import Alert at the Roorkee facility of JGL. The USFDA mentioned its review of the product supply situation in the market and company's compliance status as the reasons for this decision. The current revenue from these three products is less than 1% of the consolidated revenues of the Company.

Post this currently only Risperidone orally disintegrating tablets are allowed for import into the US from the Roorkee facility.

Shares of Jubilant Pharmova Limited was last trading in BSE at Rs. 363.30 as compared to the previous close of Rs. 363.45. The total number of shares traded during the day was 2113 in over 425 trades.

The stock hit an intraday high of Rs. 366.45 and intraday low of 358.95. The net turnover during the day was Rs. 769140.00.

Source : Equity Bulls

Keywords

JubilantPharmova INE700A01033 JubilantGenerics USFDARemoval ImportAlert