Biocon Ltd. saw its shares rise by more than 3% in early trading after the U.S. Food and Drug Administration (USFDA) issued a “Voluntary Action Indicated” (VAI) tag to the manufacturing facilities of its subsidiary, Biocon Biologics Ltd., in Bengaluru.
This tag indicates that no critical compliance issues were identified during the inspection, which was conducted between July 15 and July 26 earlier this year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
