Unichem Labs in good health

Unichem Labs issued a Press Release today morning stating that its unit at Goa formulation unit has received an Establishment Inspection Report (EIR) from USFDA. This receipt indicates the successful closure of the inspection and the queries rose during the audits (Form483). The inspection was being carried out between 14th March 2017 and 20th March 2017.

Based on this news, the stock price of the company rose to an intra day high at Rs.277, up over 6.5%. Its 52-week high and low stands at Rs.319.90 and Rs.239.05 respectively.