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At the end of the inspection, the subsidiary received one observation, documented in the USFDA's Form 483. Notably, the inspection did not raise any concerns regarding data integrity.
Marksans Pharma confirmed that it will work closely with the USFDA to address the observation within the prescribed timeline.
Marksans Pharma is engaged in the research, manufacturing & marketing of generic pharmaceutical formulations in the global markets. The company's manufacturing facilities are approved by several leading regulatory agencies including USFDA, UKMHRA, and Australian TGA. The company's robust product portfolio spreads over major therapeutic segments of CVS, CNS, antidiabetic, pain management, gastroenterological, and anti-allergies. the company is marketing these products globally.
The company reported a 25.6% increase in consolidated net profit to Rs 104.56 crore on a 16.3% rise in revenue from operations to Rs 681.85 crore in Q3 FY25 over Q3 FY24.
On conclusion of the inspection, the Subsidiary has received One (1) inspectional observation in Form 483. There is no data integrity observation. The Subsidiary will work closely with the USFDA and is committed to address the observation comprehensively within the stipulated time.
Aarti Pharmalabs Ltd, Marksans Pharma Ltd, Strides Pharma Science Ltd and Hindustan Copper Ltd are among the other losers in the BSE's 'A' group today, 04 April 2025.
Garware Hi Tech Films Ltd tumbled 16.12% to Rs 2690.05 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 37469 shares were traded on the counter so far as against the average daily volumes of 8446 shares in the past one month.
Aarti Pharmalabs Ltd crashed 13.41% to Rs 698.55. The stock was the second biggest loser in 'A' group.On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 33545 shares in the past one month.
Marksans Pharma Ltd lost 11.11% to Rs 207.15. The stock was the third biggest loser in 'A' group.On the BSE, 1.19 lakh shares were traded on the counter so far as against the average daily volumes of 1.22 lakh shares in the past one month.
Strides Pharma Science Ltd fell 10.75% to Rs 624.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 69439 shares were traded on the counter so far as against the average daily volumes of 28895 shares in the past one month.
Hindustan Copper Ltd slipped 9.70% to Rs 202.9. The stock was the fifth biggest loser in 'A' group.On the BSE, 5.02 lakh shares were traded on the counter so far as against the average daily volumes of 7.38 lakh shares in the past one month.
Gland Pharma Ltd gained 9.65% today to trade at Rs 1683.25. The BSE Healthcare index is up 2.92% to quote at 42322.92. The index is up 9.7 % over last one month. Among the other constituents of the index, Marksans Pharma Ltd increased 6.49% and Aurobindo Pharma Ltd added 5.74% on the day. The BSE Healthcare index went up 19.37 % over last one year compared to the 2.98% surge in benchmark SENSEX.
Gland Pharma Ltd has added 10.42% over last one month compared to 9.7% gain in BSE Healthcare index and 4.23% rise in the SENSEX. On the BSE, 14825 shares were traded in the counter so far compared with average daily volumes of 8311 shares in the past one month. The stock hit a record high of Rs 2220.95 on 06 Aug 2024. The stock hit a 52-week low of Rs 1412 on 12 Feb 2025.