In continuance of “official action indicated” OAI status of the company’s Baddi (India) manufacturing facility by USFDA following the USFDA inspection conducted in June 2022, USFDA has placed the Baddi (India) facility under import alert 66-40.
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Lower contribution from this facility notwithstanding, the implications of import alert would be significantly negative as US accounts for ~25% of revenues while multiple plants and an added scrutiny by the USFDA could escalate remediation cost further
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