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Shares of pharmaceutical company Cipla Ltd declined as much as 6.6 per cent to Rs 522.90, the lowest since June 6. US FDA has found deficiencies in Cipla's batch production and control records after inspecting Goa unit. The unit's lab records did not include complete testing data and equipment used in manufacturing, processing and packing were not of appropriate design.
Cipla said the inspection was product specific, and observations are procedural and addressable in nature and that it has responded to the FDA, a CNBC TV18 report said.
Reuters could not immediately reach Cipla for comment.
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