Indoco receives EU-GMP certificate for manufacturing facility in Himachal

Press Trust of India

New Delhi: Indoco Remedies on Friday said it has received the EU GMP certification for its manufacturing site located in Himachal Pradesh.

The company has received EU GMP certification from the competent health authority of Germany for its manufacturing site situated in Solan district of Himachal Pradesh.  The German agency conducted an inspection of the facility for oral dosage form from May 22-25, 2023, Indoco Remedies said in a regulatory filing.  

The EU GMP certification issued by the German Health Authority confirms that the site complies with the Good Manufacturing Practice requirements, it added.  The EU certification will support supplies of drug products registered in Europe, from this manufacturing site, the drug maker noted.  

“The EU GMP certification for our site in Baddi adds to our consistent efforts to supply quality and affordable medicines in Europe. We are committed to being current GMP compliant and supplying quality products to our customers and patients across the globe,” Indoco Remedies Managing Director Aditi Panandikar said.  

Shares of the company were trading 0.33 per cent up at Rs 330 apiece on the BSE. PTI MSS  The inflation trajectory is now conditional on the spatial variation of the monsoon and possible development to EL Nino effect.

The headline inflation trajectory, measure of the total inflation of an economy, is likely to be shaped by food price dynamics, the report said.  According to the report, the “outlook on the global economy is clouded in sideways movement in most of the indicators even when slowdown in advanced economies, weak external demand, tight financial conditions and elevated debt levels pose risks to growth prospects.  

On Thursday, the MPC under the chairmanship of RBI governor Shaktikanta Das pressed the pause button on repo rates for the second time after April which is now at 6.5 per cent.  The report said that supply-side factors contributed more than 50 per cent of the inflation in January 2023, plunged to 46 per cent due to ease in supply-side restrictions