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Lupin In Tailspin After Two-In-One FDA Warning Letter

 
• By Anju Ghangurde

After a weak second quarter, Lupin had a nasty surprise with the FDA issuing a combined warning letter for two of its Indian manufacturing sites. The FDA action is expected to setback US product approvals, though Lupin maintained that its “structural story of growth” remained intact.

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LUPIN HAS RECEIVED A COMBINED WARNING LETTER FOR TWO PLANTS

Investors slammed Lupin Ltd. on Indian bourses after the company said that the US FDA had issued a “combined” warning letter for two of its Indian sites – both seen as key to the firm’s US product launch momentum.

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