India's Ami Organics up as facility clears Japan drug regulator's inspection

Acutaas Chemicals

10/06/2024 09:43

** Shares of pharmaceutical intermediates maker Ami Organics
 AMIO.NS  rise 3.8% before trimming gains; last up 1.4%
        ** Co on Friday 
    said
     Japan's drug regulator - the Pharmaceutical and Medical
Devices Agency - inspected co's manufacturing facility in Surat
for good manufacturing practices and concluded without any
critical observations
  
    ** Inspected facility involved in making intermediates of
active pharmaceutical ingredients
    ** Co exports products to Japan among other regions; its
export revenue contributed to 56% of the overall rev in FY24 
    ** Stock up 10% YTD, while smaller peer Hikal  HIKA.NS  is
down 2.2% so far this year

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))