The company is recalling 1,60,105 bottles of Venlafaxine Hydrochloride extended release tablets of 150 mg strength and 91,777 bottles of 37.5 mg strength in the US market.
Drug major Sun Pharmaceuticals is recalling over 2.5 lakh bottles of an anti-depressant medication in the US for failing to meet specifications.
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Caraco Pharmaceutical Laboratories, the US arm of Sun Pharma, is withdrawing two lots of the drug as "stability results found the product did not meet the drug release dissolution specifications," according to information on the US Food and Drug Administration website.
The company is recalling 1,60,105 bottles of Venlafaxine Hydrochloride extended release tablets of 150 mg strength and 91,777 bottles of 37.5 mg strength in the US market.
Caraco initiated the nationwide recall on March 20. According to the US health regulator, the recall falls under Class II, in which the use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or the probability of serious adverse health consequences is remote.
The drugs were manufactured at Sun Pharma's Halol manufacturing facility in Gujarat.
When contacted, a Sun Pharma spokesperson declined to comment.
Sun Pharma stock price
On May 08, 2014, Sun Pharmaceutical Industries closed at Rs 624.70, down Rs 6.75, or 1.07 percent. The 52-week high of the share was Rs 653.10 and the 52-week low was Rs 458.00.
The company's trailing 12-month (TTM) EPS was at Rs 0.95 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 657.58. The latest book value of the company is Rs 41.64 per share. At current value, the price-to-book value of the company is 15.00.
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