India's Alembic Pharma rises on clean chit from US FDA

Alembic Pharmaceuticals

30/04/2025 06:59

** Shares of India's Alembic Pharmaceuticals ALEM.NS up 2.2% to 898 rupees

** Drugmaker said U.S. Food and Drug Administration's October inspection at Panelav facility successfully completed, co received report

** Co set for 3% decline in April vs 25% jump in March, which broke its five-month losing streak

** YTD stock down ~16%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))