Divis Labs spikes as USFDA to lift import ban

As per the company’s filing on BSE, the USFDA has informed the company that it will be lifting the Import alert 66-40 and will be moving to close out the warning letter issued to the company’s Unit-II at Vishakhapatnam. The Divi's stock is up 15% or Rs 139 trading at Rs 1062 on NSE at 9.15 am.

The US drug regulator, after its reinspection of the plant during September 11 to 19, 2017, had issued six observations by raising Form-483.

The Company, in its September, 2017 quarter financial results press release, had mentioned that it had filed responses to the USFDA within the given stipulated time.
 
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