Biocon’s shares were under pressure on Indian bourses after the company’s sterile drug product manufacturing facility in Bangalore failed to make the compliance cut in a pre-approval inspection by the US FDA. Compliance deviations at the Bangalore site were also flagged up by the European regulator, dealing a double blow to the Indian firm.
The disappointing compliance outcome comes at a critical juncture in the run up to the June 4 FDA action date...





