Dr Reddy's Labs shares drop after US FDA gives VIA tag to Vizag facilities

Quick Summary:

Shares of Dr Reddy's Laboratories slipped up to 2 per cent at Rs 6,875.

Further to that, the company has now said that the US FDA has classified the inspection as 'Voluntary Action Indicated' (VAI) and concluded that the inspection is closed.

A 'VAI' status means that objectionable conditions were found, but the regulator is not prepared to take or recommend any administrative or regulatory action.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: Dr reddys labs q1 dr reddys labs shares Stock market Usfda Buzzing stock Dr reddys labs share price Usfda inspection Dr reddys labs Sensex Dr reddys labs share price today Dr reddys labs q1fy25 results Dr reddys labs share price

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Published On: 2024-08-12 @ 14:26:50 (6 hours ago)

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News Source URL: business-standard.com

Language: English

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