UK regulator issues import alert on Wockhardt's Waluj plant

Pharmaceutical firm Wockhardt Ltd on Friday said the UK Medicines and Healthcare Products Regulatory Agency (MHRA) has imposed an import alert on Wockhardt 's export-oriented unit plant at Waluj in Maharashtra.

Also Read: Buy Lupin; avoid Wockhardt: Sanjeev Agarwal

Commenting on the development, Wockhardt chairman Habil Khorakiwala told PTI: "We have been issued an alert by MHRA. We would be shifting the manufacturing of products (from Waluj) to another facility, thereby minimising the impact of the alert."

The Waluj facility makes injectables and solid dosages. Earlier in May, an import alert was also issued by the US health regulator on the same manufacturing facility. USFDA has put an import alert on one of the company facilities, at Waluj, near Aurangabad.

The company estimates that it would impact our business by USD 100 million on an annualised basis, Khorakiwala had said. Shares of Wockhardt on Friday closed at Rs914.90 per scrip on the BSE, down 7.89% from its previous close.