Unichem Labs Marches Over 3% Receives EIR Report

Unichem Laboratories soared over 3% at Rs 267.95 per share on BSE during Friday’s intraday trade.

The pharma player received an Establishment Inspection Report (EIR) from USFDA for its Goa formulation plant. The report indicates the successful closure of the inspection and the queries rose during the audits. The inspection was being carried out in March.

Meanwhile, BSE Healthcare index traded in positive territory gaining over 173 points or 1.24% at 14,158.70 level. Nifty Pharma index gained over 160 points at 9,588 level on Friday’s intraday trade.

On yearly basis, the stock has underperformed BSE Small-cap index and BSE Healthcare index.

Unichem Laboratories Limited is a pharma company. The company manufactures active pharmaceutical ingredients (APIs or bulk actives). In addition, it has various pharma products for addressing therapeutic areas, such as gastroenterology, cardiology, diabetology, psychiatry, etc.

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