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Angel Broking remains Neutral on Cadila Healthcare
Source: IRIS | 31 Dec, 2014, 12.02PM
Rating: NAN / 5 stars.
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According to US Food and Drug Administration (USFDA), Zydus Pharmaceuticals USA Inc, the US-based arm of Cadila Healthcare, is recalling 58,920 bottles of benzonatate capsules, used to treat coughs, because of ''wet and/or leaking capsules''.

The recall had been initiated on Nov. 26, 2014 under Class-II, which the FDA states as a situation in which the use of or exposure to a volatile product may cause temporary or medically reversible adverse health consequences.

Commenting on the result, Sarabjit Kour Nangra, VP research, pharma, Angel Broking, said, ''The capsules have been manufactured by Ahmedabad-based Cadila Healthcare and distributed by Zydus Pharmaceuticals USA. Further, Hospira is recalling 2,61,706 vials of meropenem, an antibiotic, in the US, Puerto Rico, Italy, the Netherlands and Spain for having ''defective container''. We don't expect the development to have an adverse impact on the company's operation. We remain neutral on the stock.''

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