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An update from MedPlus Health Services Ltd. ( (IN:MEDPLUS) ) is now available.
MedPlus Health Services Ltd. announced that its subsidiary, Optival Health Solutions Private Limited, has received three suspension orders for the Drug License of a store in Maharashtra. The suspensions, issued by the Food & Drug Administration in Amravati and Nagpur, are expected to result in a potential revenue loss of approximately Rs 10.17 lacs. This development may impact the company’s financial operations and highlights regulatory challenges in maintaining compliance with the Drugs and Cosmetics Act.
More about MedPlus Health Services Ltd.
MedPlus Health Services Ltd. operates in the healthcare industry, primarily focusing on providing pharmaceutical products and services. The company is known for its chain of retail pharmacies across India, catering to a wide market with a focus on accessibility and affordability of healthcare products.
Average Trading Volume: 21,584
Technical Sentiment Signal: Buy
Current Market Cap: 96.4B INR
For an in-depth examination of MEDPLUS stock, go to TipRanks’ Overview page.