Last Updated on January 4, 2024 by The Health Master
The drug maker Alembic Pharmaceuticals announced that its bioequivalence facility located in Vadodara has completed the United States Food and Drug Administration (USFDA) inspection without any observations.
The USFDA conducted the inspection from October 17 to October 21, 2022, at the company’s bioequivalence facility in Vadodara.
Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company. It manufactures and markets generic pharmaceutical products all over the world.
The pharmaceutical company reported a consolidated net loss of Rs 65.88 crore in Q1 FY23 as against a net profit of Rs 164.52 crore posted in Q1 FY22.
Net sales fell 4.8% year on year to Rs 1,262.14 crore in the quarter that ended on 30 June 2022.
Shares of Alembic Pharmaceuticals were up 0.17% to Rs 549.60 on the BSE.
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