
Glenmark gets five observations from USFDA for Monroe plant
ETMarkets.com
Glenmark Pharmaceutical
Glenmark Pharmaceuticals on Wednesday said the US health regulator has issued a Form 483 with five observations after inspecting its Monroe manufacturing plant in the US.
The US Food & Drug Administration (USFDA) conducted a Good Manufacturing Practice (GMP) inspection at the company's manufacturing facility situated in Monroe, North Carolina from June 9 to June 17, 2025, the Mumbai-based drugmaker said in a regulatory filing.
At the end of the inspection, the company was issued a Form 483 with five observations, it added. All the observations are procedural in nature, it said. There was no observation related to data integrity, it added.
The company will work in close collaboration with the agency to address the observations and will respond to the USFDA within the stipulated timeline, the drug maker said. As per the USFDA, Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has observed any conditions that may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts.
Shares of the company were trading 0.22 per cent up at Rs 1,657.35 apiece on BSE.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
44 minutes ago
- Time of India
Apple AI troubles continue, sued by shareholders over Apple Intelligence and Siri delays; here's what lawsuit claims
Apple is facing a proposed securities fraud class action lawsuit from its shareholders, a report claims. According to a report by the news agency Reuters, the lawsuit claims that the Cupertino-based tech giant understated the time required to integrate advanced artificial intelligence into its Siri voice assistant, which caused a delay in rolling out these features and has allegedly harmed iPhone sales and Apple's stock price. The complaint covers shareholders who experienced significant losses in the year leading up to early June, when Apple introduced new product features but limited AI advancements. The lawsuit, filed in San Francisco federal court, names Apple, CEO Tim Cook , CFO Kevan Parekh, and former CFO Luca Maestri as defendants. What the Apple shareholders' lawsuit against the company claims As per the Reuters report, a group of shareholders led by Eric Tucker has alleged that Apple misled investors during its June 2024 Worldwide Developers Conference by suggesting that AI would be a key selling point for the upcoming iPhone 16, particularly through its Apple Intelligence features aimed at enhancing Siri. However, the lawsuit claims Apple did not have a working prototype of the AI-based Siri upgrades and had no reasonable basis to believe the features would be ready in time for the iPhone 16 launch. Apple shareholders have argued that concerns started to surface in March, when the company postponed some Siri improvements to 2026, the Reuters report notes. The issue continued into Apple's WWDC developer event in June, where the company's update on its AI progress fell short of analyst expectations. Since its peak in December 2024, Apple's share value has dropped by nearly 25%, resulting in an estimated $900 billion decline in the company's market capitalisation, the report adds. World Music Day 2025: Tech That Changed How We Listen to Music AI Masterclass for Students. Upskill Young Ones Today!– Join Now
&w=3840&q=100)

First Post
an hour ago
- First Post
Romania finally gets a prime minister, budget crisis PM Bolojan's first test
Romania's President Nicusor Dan nominated Ilie Bolojan, leader of the National Liberal Party, after weeks of coalition talks. Now, the biggest challenge in the new government's hands will be tackling the budget crisis read more Romania's new pro-Western president, Nicusor Dan, on Friday nominated Ilie Bolojan, leader of the pro-European National Liberal Party (PNL), as the country's next prime minister. AP Romania's new pro-Western President, Nicusor Dan , nominated Ilie Bolojan, leader of the pro-European National Liberal Party (PNL), as the country's next prime minister. The move was announced on Friday, marking an end to the weeks of political uncertainty following the annulled December presidential elections. The 56-year-old centre-right leader was serving the role of Senate president and is known for his reformist approach and administrative discipline. It is pertinent to note that Bolojan had previously served as acting president from February to May, when Dan defeated a hard-right opponent in a heated presidential election rerun . STORY CONTINUES BELOW THIS AD The nomination came as Romania, a European Union and NATO member state, is seeking to end a protracted political crisis that has gripped the nation since last year. Bolojan was nominated following a fresh round of talks between Dan and PNL. The biggest challenge facing Bolojan now will be taking care of the budget crisis in the country. The budget crisis: Bolojan's biggest challenge The 56-year-old leader will be tasked with tackling Romania's dire finances and reconciling the divided EU member. The country's budget deficit stood at 9.3 per cent at the end of last year, making it the highest in the European Union, AFP reported. In a press conference last week, Bolojan said Romania was 'in a complicated situation', adding that the incoming government would have to resort to 'unpopular measures' that could include cutting public spending and imposing tax rises. Meanwhile, Political scientist Sergiu Miscoiu told AFP that Bolojan was 'the person best placed to take unpopular measures to tackle the serious budget crisis'. However, analysts also point out that apart from a brief time as interim president, he had 'no experience in national politics'. Apart from this, deep social divisions in the nation were also made clear by the controversies that surrounded the presidential election. According to Cristian Andrei, a Bucharest-based political consultant, the new government will face the challenge of reaching a longer-term consensus over already delayed state reforms. 'There is only a disputed agreement on very short-term measures for the economic and budget crisis,' the political consultant told The Associated Press. 'If the short-term measures come with a social cost, inflation … (and) will not be met by profound changes in policies and institutions, then the political crisis will loom over the next years and (future) elections," he furthered. STORY CONTINUES BELOW THIS AD What comes next Bolojan's nomination will now need to be approved by the country's parliament. According to Euro News, his government is expected to be comprised of the leftist Social Democratic Party, or PSD, the PNL, the reformist Save Romania Union party, and the small ethnic Hungarian UDMR party. Ahead of his nomination, the PSD has pushed for a power-sharing agreement that would see a rotation of the prime ministerial post. While speaking after being nominated for the prime ministerial position, Bolojan said he's 'fully aware of the great responsibility' the role will bring and acknowledged it 'will not be an easy undertaking.' 'I will pursue three priorities: to restore order to the country's finances, to work toward good governance that creates conditions for development in Romania, and … to show proper respect to the Romanian people," he furthered. While the far-right parties recently won a third of the parliament seats, they were kept out of the talks to form a new government. Defeated presidential candidate labelled the move as 'a disgrace and an insult'. Meanwhile, the European Union has voiced concerns over the rise of Eurosceptic parties in NATO member Romania that are opposed to sending military aid to Ukraine. STORY CONTINUES BELOW THIS AD With inputs from agencies.


Mint
an hour ago
- Mint
Solar stock to be in focus on Monday after THIS acquisition update. Details here
Servotech Renewable Power System share price will be in focus on Monday after the company announced the acquisition of 27% stake in PV Module manufacturer Rhine Solar Ltd for ₹ 12.15 crore, to strengthen its backward integration capabilities. Solar solutions and EV charger manufacturer Servotech Renewable Power System said that it has officially entered into a definitive agreement to acquire a 27% stake (post-money valuation) in New Delhi-based Rhine Solar. Servotech will acquire 9,50,106 equity shares of Rhine Solar, constituting a 27% stake in the company, at ₹ 127.88 per share, aggregating to ₹ 12,14,99,555.28. Rhine Solar deals in Solar Panels, Solar Lamps, Solar Lights, Solar Cooker, solar home light, solar street light, solar geyser, solar water irrigation system throughout India. The company reported a turnover of ₹ 82.41 crore in FY25, and ₹ 60.01 crore in FY24. The indicative time period for completion of the acquisition is 90 days. This crucial investment propels Servotech directly into the heart of the PV module manufacturing industry, Servotech Renewable Power System said. Currently, Rhine Solar boasts the manufacturing capacity of 100 MW, and the plan is to significantly escalate this capacity, aiming for an impressive 600 MW by next year, it added. 'This acquisition is a major leap forward for us as we move toward becoming a fully integrated solar solutions provider. We've now officially stepped into PV module manufacturing, and this is only the beginning. A key focus will be on producing advanced N-type TOPCon 12 busbar panels, which are not only more efficient but also in high demand in both domestic and global markets due to their superior performance and durability,' said Raman Bhatia, Managing Director of Servotech Renewable Power System. Servotech Renewable share price has gained 9% in one month, but the solar stock has fallen 18% in the past six months. The small-cap stock is down 17% on a year-to-date (YTD) basis, and has risen 62% in one year period. On Friday, Servotech Renewable share price ended 3.23% higher at ₹ 138.79 apiece on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.