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Jubilant Life's Nanjangud facility may face regulatory action by USFDA; firm says announcement not to impact revenues

New Delhi: Jubilant Life Sciences on Friday said it has been cautioned by the US health regulator that its Nanjangud facility in Mysore, may be subject to regulatory action and that the USFDA may withhold approval of any pending applications or supplements in which this facility is listed.

 Jubilant Lifes Nanjangud facility may face regulatory action by USFDA; firm says announcement not to impact revenues

Representational image. Reuters.

Jubilant Life Sciences in a regulatory filing said it has been informed by the US Food and Drug Administration (USFDA) that inspection from 10 to 18 December, 2018 at the Jubilant Generics Ltd API manufacturing facility, in Nanjangud, Mysore, has been classified as 'official action indicated' (OAI).

The USFDA also stated that the facility might be subject to a cGMP regulatory or enforcement action based on this inspection, and that USFDA could withhold approval of any pending applications or supplements in which this facility is listed, the filing added.

Jubilant Life Sciences said USFDA's announcement will not have any impact on the existing revenues from operations of this facility.

"We believe that this letter has been issued as part of a USFDA initiative to respond to the company within 90 days of the inspection, regarding the facility's status. As per the agency's internal procedures, the company can engage with the agency within 40 days to seek to get the decision downgraded from the OAI classification," the company said.

Jubilant said, it is in the process of sending a further update to USFDA of its corrective actions regarding the agency's inspectional observations from December 2018.

Shares of Jubilant Life Sciences were trading 2.35 percent lower at Rs 757 apiece on BSE.

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Updated Date: Mar 22, 2019 15:51:22 IST