Brief: Merck Ltd says received demand notice from NPPA

Procter & Gamble Health

30/12/2016 12:34

Dec 30 (Reuters) - Merck Ltd  MERK.NS : 
    * says demand notice from NPPA 
    * says co has been legally advised it has a good defendable 
case on merits 
    * co will  challenge orders and will defend itself 
vigorously 
    * says received a demand notice from national pharmaceutical 
pricing authority  demanding a sum of rs. 116.8 million rupees  
plus interest 
    * says NPPA alleges overcharging of price of formulation, 
polybion l 100 ml syrup, during period from January 2006 to June 
2009 
    * government has issued demand notice despite the fact that 
co was neither a manufacturer nor a marketer of the subject drug 
 
Source text: (http://bit.ly/2hyWxsn) 
Further company coverage:  MERK.NS  
 
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