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Analysts Cut Sun Forecasts After New Halol Site Faults

 
• By Penelope MacRae

Analysts are cutting back profit forecasts for Indian generic giant Sun Pharma after the US FDA detailed a host of new testing and quality control issues at the company’s key Halol factory.

Another US regulatory rap on the knuckles for Halol, the biggest Indian plant of Sun Pharmaceutical Industries Ltd., over perceived violations of good manufacturing practices was the last thing financial markets anticipated after the company’s year-long remediation efforts.

Instead of delivering the all-clear following a recent inspection of the site, the FDA instead issued a new Form 483 listing potential violations of US standards, and on Dec

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