Natco Pharma's Kothur facility gets 9 observations; share price steady

Natco Pharma Thursday said the US health regulator has made nine observations after the completion of inspection of its Kothur formulation facility in Telangana. The United States Food and Drug Administration (USFDA) conducted the inspection at Kothur facility between May 30-June 5, 2019.

"At the end of the inspection, the facility received 9 observations, with no repeat observations and mostly procedural in nature," Natco Pharma said in a BSE filing. The company believes that none of the observations is related to data integrity and that they can be addressed within a short period of time, it added.

Natco Pharma said it will provide due justifications and corrective action plan within the next 15 working days to address the USFDA observations. Shares of Natco Pharma were trading 0.67 per cent lower at Rs 543.30 apiece on BSE.