Ranbaxy's parent company sends officials to plants to rectify flaws
Daiichi Sankyo, the Japanese parent that owns a controlling stake
in Ranbaxy Laboratories, has sent its officials to check and rectify
flaws at Ranbaxy’s formulation plants in India following the US Food and
Drug Administration’s (USFDA’s) ban on shipment of medicines from a
fourth facility to the US.
The company is also set to rethink its strategy now that Ranbaxy’s Toansa unit has been banned from shipping to the US. Its analytics lab has also come in for harsh criticism from the US regulator. The unit was catering to 70% of the company’s raw material requirements.
While not denying sending a team to India, Daiichi told HT in an email that it is working on a comprehensive policy for Ranbaxy, and is assisting it to complete formalities related to the import ban.
“Ranbaxy is replying to Form 483 from USFDA. We, Daiichi Sankyo, are
supporting and focussing on this action as a matter of high priority,”
Toshiya Kondo, senior director, Daiichi Sankyo, said. “For further
approach to solve a series of the problems, we think we need a
comprehensive policy after this.”
However, a top Ranbaxy executive said a few advisers from Daiichi had come to inspect the formulation plants. “They want to understand the basis of allegations imposed by USFDA, how intense the allegations are and whether it is the fault of employees or top management,” a senior Ranbaxy official said on condition of anonymity.
Daiichi is also said to be pressing the Ranbaxy management to come out with new and stricter measures. The company, however, did not comment on the issue. “At this moment, we are not able to share specific measures with you. When we decide the further business plan, we would like to disclose it externally,” said Kondo.
The company is also set to rethink its strategy now that Ranbaxy’s Toansa unit has been banned from shipping to the US. Its analytics lab has also come in for harsh criticism from the US regulator. The unit was catering to 70% of the company’s raw material requirements.
While not denying sending a team to India, Daiichi told HT in an email that it is working on a comprehensive policy for Ranbaxy, and is assisting it to complete formalities related to the import ban.
However, a top Ranbaxy executive said a few advisers from Daiichi had come to inspect the formulation plants. “They want to understand the basis of allegations imposed by USFDA, how intense the allegations are and whether it is the fault of employees or top management,” a senior Ranbaxy official said on condition of anonymity.
Daiichi is also said to be pressing the Ranbaxy management to come out with new and stricter measures. The company, however, did not comment on the issue. “At this moment, we are not able to share specific measures with you. When we decide the further business plan, we would like to disclose it externally,” said Kondo.
pgdm 1st
hindustan times
By: Dr Vikas Gupta
That the Indian market would be 3-5 times today's size is a well-accepted fact; but what it would take to get there would perhaps be known only then.
What we can see however is that the economic growth over the next 10 years hinges strongly on the outcome of the coming elections, and depending squarely on how stable and reformist the new government is.
If a government that is focused on social ..
That the Indian market would be 3-5 times today's size is a well-accepted fact; but what it would take to get there would perhaps be known only then.
What we can see however is that the economic growth over the next 10 years hinges strongly on the outcome of the coming elections, and depending squarely on how stable and reformist the new government is.
If a government that is focused on social ..
Read more at:
http://economictimes.indiatimes.com/articleshow/30160030.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/30160030.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
By: Dr Vikas Gupta
That the Indian market would be 3-5 times today's size is a well-accepted fact; but what it would take to get there would perhaps be known only then.
What we can see however is that the economic growth over the next 10 years hinges strongly on the outcome of the coming elections, and depending squarely on how stable and reformist the new government is.
If a government that is focused on social ..
That the Indian market would be 3-5 times today's size is a well-accepted fact; but what it would take to get there would perhaps be known only then.
What we can see however is that the economic growth over the next 10 years hinges strongly on the outcome of the coming elections, and depending squarely on how stable and reformist the new government is.
If a government that is focused on social ..
Read more at:
http://economictimes.indiatimes.com/articleshow/30160030.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/30160030.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
By: Dr Vikas Gupta
That the Indian market would be 3-5 times today's size is a well-accepted fact; but what it would take to get there would perhaps be known only then.
What we can see however is that the economic growth over the next 10 years hinges strongly on the outcome of the coming elections, and depending squarely on how stable and reformist the new government is.
If a government that is focused on social ..
That the Indian market would be 3-5 times today's size is a well-accepted fact; but what it would take to get there would perhaps be known only then.
What we can see however is that the economic growth over the next 10 years hinges strongly on the outcome of the coming elections, and depending squarely on how stable and reformist the new government is.
If a government that is focused on social ..
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