Dr Reddy’s Laboratories (RDY) has released an update.
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Dr. Reddy’s Laboratories Ltd. has been notified by China’s National Medical Products Administration (NMPA) of non-compliance with ‘Good Manufacturing Practice’ standards, leading to a suspension of their Atomoxetine Hydrochloride Capsules in China. Additionally, the National Drug Joint Procurement Office (NDJPO) has placed the company on a ‘Violation List’, barring them from national drug procurement activities until 2026. The financial impact of these developments is currently being evaluated by the company.
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