Dr Reddy's Laboratories gets German regulator's nod for CAPA plan

Published On: 30, Nov 2017 | Source: business-standard.com

Dr Reddy's Laboratories today said a German regulatory authority has allowed company's Visakhapatnam-based plant to restart production for the European market (EU).

"The corrective and preventive action (CAPA) plan submitted by us has been accepted by the regulator. Consequently, the regulator has permitted production to start again from this facility for the market," Dr Reddy's Laboratories said in a regulatory filing.

However, the regulator will re-inspect the facility by the end of 2018, it added.

In September, a German regulatory authority had issued six major observations against the Hyderabad-based drug firms' formulations unit at Visakhapatnam in after an inspection.

The company, however, did not elaborate on the observations which were made by the regulator related to violations of good manufacturing practises (GMP).

Dr Reddy's were trading 0.52 per cent up at Rs 2,287.90 apiece on the today.