Unichem Labs announced yesterday evening that it has received the Establishment Inspection Report (EIR) from United Stated Food and Drug Administration (US FDA) on May 13, 2020.
This is for its Active Pharmaceutical Ingredients (APIs) facility at Roha.
The US FDA had conducted the inspection of this facility from 17th to 21st February 2020.
The market is pretty happy with this news. The stock gained today after 9 sessions of consistent fall. It opened over 7% higher at Rs.136.70 and rose to an intraday high at Rs.139.70, which is very close to its 10% UC of the day at Rs.140.15.