USFDA Conclude Inspections At Solara’s Puducherry And Mangalore Facility With Zero 483 Observations

Solara Active Pharma Science Limited (Solara), a leading Active Pharmaceutical Ingredient provider is pleased to announce that the US Food and Drug Administration (USFDA) has completed two successful inspections of Solara’s state of the art manufacturing facilities at Puducherry and Mangalore. The inspection established that the two sites are in an “Acceptable State of Compliance” with Zero Form 483 inspectional observations from USFDA. The agency with their designated auditors inspected the two facilities from 17th to 21st February 2020.

The Puducherry API manufacturing facility is our centre of excellence for the manufacturing of Ibuprofen and its derivative APIs. The facility was established in the year 1986 and is one of the largest Ibuprofen manufacturing sites in the world. This site is inspected by various Regulatory Authorities including USFDA, MHRA, EDQM, WHO, PMDA, TGA, KFDA, and COFEPRIS.

Solara’s multiproduct manufacturing site at Mangalore was established in 1997 and has best in class infrastructure and capabilities to produce niche high-value APIs and API intermediates. In addition to the USFDA, the site also maintains its regulatory status with other leading global agencies such as MHRA, EDQM, WHO, PMDA, TGA, KFDA, and COFEPRIS.

Commenting on the audit outcomes, Jitesh Devendra,MD said “We are very happy with the successful Zero 483 outcome of our two sites within the same week. This continues to demonstrate our relentless focus on world-class quality and compliance, which remains a key pillar of our growth strategy. We remain agile to the increasing requirements on quality and compliance, and I am confident that we will sustain our quality culture and anchor it further.”

These inspection outcomes are Solara’s fourth consecutive US FDA audit with “Zero 483s”. In Dec’18, Jan’19 and Jul’19, the USFDA concluded the inspections at our facilities at Solara Research Centre(SRC), Chennai and API manufacturing sites at Ambernath and Cuddalore with zero 483s.

Shares of Solara Active Pharma Sciences Ltd was last trading in BSE at Rs.680.25 as compared to the previous close of Rs. 641.7. The total number of shares traded during the day was 16218 in over 1568 trades.

The stock hit an intraday high of Rs. 692.8 and intraday low of 625.05. The net turnover during the day was Rs. 10868759.-Equity Bulls