Neuland Laboratories announces successful plant inspection by USFDA, no observation

New Delhi: Neuland Laboratories witnessed a surge in its share on Thursday after USFDA issued no observation to its manufacturing facility located at Pashmylaram, Patancheru Mandal, Sangareddy District, from November 26-29, 2018.

The United States Food and Drug Administration(USFDA) inspection at Unit 2 has been successfully completed with no observations under Form 483.

Form FDA 483, "Inspectional Observations," is a form used by the FDA to document and communicate concerns discovered during these inspections. Also referred to as "Form 483" or merely "483", it states thereon that it lists observations made by the FDA representative(s) during the inspection of a facility.

In this case there are no observations

A recipient of a 483 should respond to the FDA, addressing each item, indicating agreement and either providing a timeline for correction or requesting clarification of what the FDA requires.

Neuland Laboratories is a manufacturer of active pharmaceutical ingredients (APIs) and an end-to-end chemistry-related solutions provider for the pharmaceutical industry.

The share price declined 45 per cent in last 1 year.

Also Read: US regulator makes 2 observations at Neuland Labs facility