MUMBAI: Pharma player Indoco Remedies today
said it has received a nod from United States' drug regulator for two of
its facilities in Goa.
The US Food and Drug Administration (US FDA) has approved the sterile
facility (plant-II) and solid dosage facility (plant -III) located at
Verna in the adjoining coastal state, a company release said here.
"The nod will facilitate the generic approvals in the US market and
subsequent product launches there," Indoco Chairman Suresh G Kare said.
It will also boost high-margin revenues from the highly remunerative US
market, the world's largest player in pharma space, he added.
Officials from USFDA visited the facilities in August last year. With
this, the number of Indoco facilities having USFDA approvals has gone up
to six, it said. These are three for finished dosages, two for APIs or
active pharmaceutical ingredients and one for analytical, it added. The
company derived 35 per cent of its revenues from exports in 2013-14.
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