Teligent Cites Remediation-Related Activites For Poor Quarter

As Company Recalls Lidocaine Anesthetic Solution Due To Super Potency

21 Sep 2021

• By Akriti Seth

New Jersey-based Teligent reported a low quarter as the company continues to focus on remediation measures to lift the FDA warning letter hanging over its Buena New Jersey manufacturing facilty. Teligent has also recently recalled a batch of its 4% lidocaine hydrochloride topical solution because the firm’s testing found it to be super potent.

Teligent looks to remediate FDA warning letter in order to strengthen its injectables business • Source: Alamy

US-based Teligent saw its revenues drop to $10.4m in the second quarter of 2021, compared to $13.6m reported in the prior year period, with president and CEO Tim Sawyer citing a combination of factors for the underwhelming quarter including “remediation-related activities, the ongoing effects of the COVID-19 pandemic and modest generic pricing erosion seen within the topicals segment.”

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