Aurobindo Pharma Limited is an Indian multinational pharmaceutical manufacturing company headquartered in HITEC City, Hyderabad, India. The company manufactures generic pharmaceuticals and active pharmaceutical ingredients.
Market regulator Sebi has issued a warning letter to Aurobindo Pharma for disclosing “very limited and restricted information” to the stock exchanges about an USFDA audit of the company’s active pharmaceutical ingredients manufacturing facility (API) in Hyderabad.
“The only fact disclosed was that a warning letter was received from the U.S. FDA. The company did not disclose details on the reason and the non-compliance/aberration observed,” SEBI said. The disclosure is not in line with principles governing disclosures and obligations of listed entities, it said.
“You are hereby warned and advised to ensure compliance with all applicable provisions of SEBI Regulations. Any such aberration in future would be viewed seriously and appropriate action would be initiated,” the regulator said in the letter. The company said the SEBI communication pertains to certain disclosures made on the ongoing USFDA audit of company’s Unit-1 and observations made by the USFDA between 2019 to 2022.
Aurobindo Pharma Limited is an Indian multinational pharmaceutical manufacturing company headquartered in HITEC City, Hyderabad, India. The company manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s area of activity includes six major therapeutic and product areas: antibiotics, anti-retroviral, cardiovascular products, central nervous system products, gastroenterological, and anti-allergics. The company markets these products in over 125 countries. Its marketing partners include AstraZeneca and Pfizer.
