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Indoco Remedies share price dropped 10 percent after the UK healthcare regulator issued seven observations to company's Goa plant I.
The drug maker informed exchanges that, United Kingdom - The Medicines and Healthcare Products Regulatory Agency (UK-MHRA) inspected drug manufacturing facility (plant I in Goa) during March 14-16, 2018.
Subsequent to the inspection, the UK-MHRA issued observations, which include 3 critical and 4 major, the company said.
Goa Plant I manufactures solid dosages, liquid orals and external preparations.
Share of Biocon gained 2.4 percent as it has received marketing authorization approval from the European Commission.
Mylan NV and Biocon announced that their co-developed biosimilar insulin glargine Semglee has received marketing authorization approval from the European Commission following the positive recommendation by the committee of Medicinal products for Human use of European Medicines Agency.
Semglee 100 units/ml 3 mL prefilled disposable pen for people with diabetes, is the first biosimilar from Biocon and Mylan's joint portfolio to be approved in Europe.
Additionally, the Therapeutic Goods Administration (TGA), Australia has also approved biosimilar insulin Glargine Semglee 100 IU/ mL 3 mL prefilled pen for people with diabetes in Australia.
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