Drug firms News
Drug firm Wockhardt is seeking shareholders' nod to raise up to Rs 1,000 crore via issue of securities.
Drug firms Dr Reddy's Laboratories Limited and Aurobindo Pharma Limited have separately started recalling few quantities of two different drugs from the US market as they are found to be not up to the mark.
This comes after a year after the Dilip Shanghvi-led firm acquired Ranbaxy in an all-stock deal and the company's Q4 profits shrank 44 per cent due to costs incurred in assimilating the buyout.
According to information on the US Food and Drug Administration (USFDA) website, 166 bottles of Captopril tablets of 50 mg strength are being recalled in the US.
In a filing to the BSE, the company said the meeting would be held at Vadodara on August 22, 2014.
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