The US Food and Drug Administration (USFDA) has cleared Granules India Ltd’s manufacturing facility at Gagillapur here here.

The USFDA has issued an Establishment Inspection Report (EIR) for the facility, the Hyderabad-based company informed the Bombay Stock Exchange on Wednesday.

"The facility was inspected by the USFDA in October 2016 and there were no observations during the inspection,’’ the company said.

The Gagillapur facility manufactures finished dosages and pharmaceutical formulation intermediates.

Granules’ scrip zoomed 8.67 per cent on the BSE on Wednesday to end at Rs 126.44.

comment COMMENT NOW