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Pharma faces USFDA heat, stocks down
Credit: IndiaTimes- Published on December 11, 2023
The stocks of several pharma companies, including Dr Reddy's, Aurobindo Pharma, Cipla, Lupin, Sun Pharma, and Divi's Labs, have been lagging behind as the sensex and Nifty reach new highs. Dr Reddy's saw a significant decline after concerns were raised about USFDA's observations on its formulations facility FTO-3 in Hyderabad....