1 hr ago

Glenmark Goa Facility Receives VAI Status After FDA Inspection

Glenmark Goa Facility Receives VAI Status After FDA Inspection
US FDA clears Glenmark's Goa unit with VAI status · thehindubusinessline.com

Glenmark makes medicines at a factory in Goa.

The US Food and Drug Administration inspected that factory.

The inspection happened from June 22 to June 30.

The FDA gave the factory a report called an Establishment Inspection Report.

It classified the inspection as Voluntary Action Indicated, or VAI.

This means the FDA saw some issues but did not recommend formal regulatory action.

Glenmark is expected to address the issues voluntarily.

The company did not say exactly what the issues or fixes were, and its shares rose slightly after the announcement.

Key facts

Company
Glenmark Pharmaceuticals Ltd
Facility
Formulations manufacturing facility in Goa, India
Regulator
US Food and Drug Administration
Inspection period
June 22 to June 30
Inspection outcome
Establishment Inspection Report with Voluntary Action Indicated status
Share price reaction
Shares rose 0.28% to Rs 2,470 from Rs 2,463
Global presence
More than 80 countries

Quotes

Glenmark Pharmaceuticals

Pharmaceutical company issuing the regulatory disclosure

“Glenmark Pharma today announced that it has received the Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (U.S. FDA) for its formulations manufacturing facility in Goa, India with a Voluntary Action Indicated (VAI) status.”
businesstoday.in

Sources

Related news