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Thursday, June 5, 2014

Wockhardt slips amid quality control issues in US
Shares of Wockhardt were down 3% on reports that the US Food and Drug Administration has discovered that the quality control measures at its US plant are not followed as per the prescribed guidelines. The company's US facility is based in Morton Grove, Chicago and accounts for more than 50% of the sales in the US. In fiscal 2014, revenues from US accounted for 45% of the total income for the Indian pharma major.

Maruti Suzuki gains after May production up 20%

Maruti Suzuki rose 1.2% after recording a hike in total production. The total production for May 2014 stood at 121,746 units as compared to 101,360 units for May 2013, representing a jump of 20%.

Aurobindo Pharma gets USFDA nod to market mental illness drug
Aurobindo Pharma Limited has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Divalproex Sodium Extended-release Tablets USP 250mg and 500mg.

Liberty Shoes registers 33% Sales growth
Liberty continued on its growth path and has registered an increase in profit before tax by 166.35% to Rs. 14.02 Crores for the year ended March 2014 as compared to Rs. 5.26 Crores a year ago.

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