Epic Research

Friday, May 24, 2013

Epic Update : Wockhardt

Epic Update WockhardtWockhardt has received an ‘import alert’ from USFDA on one of its manufacturing unit located in Waluj near Aurangabad. The impact of the import alert on the revenues is estimated to be in the range of $100 million on an annualised basis. The Company is taking all steps to address the concerns raised by USFDA and shall put all efforts to resolve the issue at the earliest. The company has got three plants in Aurangabad in the state of Maharashtra.

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