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PPLPHARMA — Piramal Pharma (Mumbai) News Story

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India's Piramal Pharma falls after US FDA observations at UK facility

BUZZ-India's Piramal Pharma falls after US FDA observations at UK facility

** Shares of Piramal Pharma PIRM.NS fall 2.2% to 206.75 rupees

** Drugmaker says U.S. FDA issued seven observations following inspection of its Morpeth, UK facility

** All 10 analysts covering the stock rate it "buy", with 232.50 rupees as median PT - LSEG-compiled data

** Stock up 20.1% YTD


(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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