Friday 24 January 2014

Ranbaxy Laboratories tumbles after USFDA bans more products

Ranbaxy Laboratories has been notified by the US Food and Drug Administration (USFDA) that the company is prohibited from manufacturing and distributing active pharmaceutical ingredients (APIs) from its facility in Toansa, India, for FDA-regulated drug products. The Toansa facility is now subject to certain terms of a consent decree of permanent injunction entered against Ranbaxy in January 2012.

Subsequent to the Form 483 issued in early January 2014, Ranbaxy voluntarily and proactively suspended shipments of API from this facility to the US market when it received the inspection findings. The company will now cooperate with the FDA and shall comply with the Consent Decree in both letter and spirit.

Ranbaxy Laboratories, India’s largest pharmaceutical company, is an integrated, research based, international pharmaceutical company producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies.

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