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UNICHEMLAB — Unichem Laboratories News Story

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India's Unichem Laboratories drops after US FDA inspection ends with five observations

BUZZ-India's Unichem Laboratories drops after US FDA inspection ends with five observations

** Shares of India's Unichem Laboratories UNLB.NS fall as much as 4.2% to 526.60 rupees; stock last down 1.8%

** Drugmaker says US FDA made five observations related to procedural enhancements after inspecting its formulation facility in the state of Goa

** Co adds it will submit a response to US FDA within stipulated 15 days

** Stock up 22.2% YTD




(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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