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Sun Eclipsed By Fears Of U.S. FDA Probe At Halol Site

 
• By Vikas Dandekar

Sun Pharma is under the spotlight. At least five U.S. FDA inspectors, an unusually high number, are learned to be in the middle of a thorough probe at the company’s Halol-based manufacturing site. Fear of a possible negative implication has moved the stock price southward.

MUMBAI - An extensive U.S. FDA scrutiny of Sun Pharmaceutical Industries Ltd.’s Halol manufacturing facilities in Gujarat state dented investor confidence and pulled the blue chip stock down nearly 5% at close on the Indian stock exchanges on Thursday.

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