Ranbaxy plant OKed by UK/Australian agencies
India's Ranbaxy Laboratories has received an approval from both the UK Medicines and Healthcare products Regulatory Agency (MHRA) and the Australian Therapeutic Goods Administration for Good Manufacturing Practice extensions from its troubled production plant in Paonta Sahib, Himachal Pradech.
Shares in the Indian company jumped 8% to 157.20 rupees on the morning of the news, March 23, as the news eased fears regarding the verification of the facility's production methods.
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