US FDA Plans To Keep Indian Pharma On Toes With More Surprise Inspections: Report
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

The United States Food and Drug Administration (US FDA) has reportedly said it intends to conduct more unannounced inspections at pharmaceutical manufacturing facilities in India.

What Happened: U.S. FDA Commissioner Robert M. Califf stated in an interview with CNBC-TV 18 on September 29 that a combination of announced and unannounced inspections is crucial, and more unannounced inspections will be implemented to create a system with no surprises.

Califf emphasized that the U.S. FDA aims to reward companies that demonstrate a commitment to quality and integrity. He stressed the importance of a bottom-up approach within organizations, highlighting the significance of staff members exhibiting deep integrity and honesty, even if it means reporting issues.

See Also: Why Ashok Leyland Shares Are On The Up Today

Why It Matters: During the COVID-19 pandemic, inspections of Indian pharmaceutical manufacturing facilities by the U.S. FDA decreased. However, a US House panel expressed concerns in July regarding the FDA’s oversight of manufacturing facilities in India and China and its reliance on foreign drug manufacturers. Subsequently, there has been an increase in inspections conducted by the FDA in India.

It was reported in June that Indian pharma companies, including giants like Sun PharmaCipla, and Lupin had been pulled up by the US drug regulator for failures in drug manufacturing practices, Bloomberg reported.

Califf anticipates that India will continue to be a major supplier to the US, the world’s largest drug market. He also noted that countries should strive for self-reliance in drug production rather than depending heavily on China.

The Indian Pharmaceutical Alliance, an association of 25 leading pharmaceutical manufacturers in India, estimates that India exports approximately 40% of all drugs consumed in the US.

Califf praised Indian companies that have worked closely with the FDA for several years and have met global standards. With the influx of new entrants into the industry, he emphasised the need for comprehensive training on all aspects of the pharmaceutical sector.

Read Next: PTC India Reportedly In Trouble After RBI Asks For Sweeping Changes

Disclaimer: Artificial intelligence was used as a secondary aid in the writing of this story.

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...