Industry

USFDA completes inspection of Piramal Pharma with zero observations

"The company remains committed to maintain the highest standards of compliance,” Piramal Pharma said in a statement.

May 22, 2023

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Last Updated on November 11, 2024 by The Health Master

The pharmaceutical company said that the United States Food and Drug Administration (USFDA) had conducted a good manufacturing practices (GMP) plus pre-approval inspection of Piramal Pharma’s Pithampur facility from 15 May 2023 to 19 May 2023.

The inspection was completed successfully with ‘zero’ Form – 483 observations and no action indicated (NAI) designation.

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“The company remains committed to maintain the highest standards of compliance,” Piramal Pharma said in a statement.

Piramal Pharma is a pharmaceutical company that manufactures and develops a wide range of pharmaceutical solutions to reduce diseases. Piramal Pharma serves customers worldwide.

The pharmaceutical company reported a consolidated net loss of Rs 90 crore in Q3 December 2022 as against a net profit of Rs 163.37 crore in the year-ago period.

Revenue from operations rose by 11% year-on-year to Rs 1,716 crore in Q3 FY23 from Rs 1,539 crore in the year-ago period.

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