Brief: Avon Lifesciences says it has all valid licenses for manufacture and sale of products made at Solapur site

KOBO Biotech

18/04/2016 08:08

April 18 (Reuters) - Avon Lifesciences Ltd  AVOL.BO : 
 * Co has all valid licenses and statutory registrations for manufacturing, 
   stocking and sale of products manufactured at Solapur site 
 * Cooperating with relevant investigating authorities, FDA to get to the facts 
   on news item about drug seizure involving co 
 
 * Source text: Avon Lifesciences Ltd has informed BSE that: 
 
"This refers to the various news articles in various media about a Drug Seizure involving our company. The company is cooperating with the relevant investigating authorities and the FDA to get to the facts around this incident. 
 
The company wants to assure all stakeholders that we have all valid licenses and statutory registrations for manufacturing, stocking and sale of all products manufactured at our Solapur site. Also all the material has been accounted for and stocked with due notice to concerned statutory authorities. The concerned matter revolves around theft of some material and we are ascertaining the same in active cooperation with the investigating authorities. 
 
Suffice to say that the company and its management is cooperating in the matter with the relevant authorities. 
 
Based on developments, the company will keep giving information to the BSE on a regular basis." 
 
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