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Cadila Healthcare Rises On USFDA's All-Clear

Cadila Healthcare Rises On USFDA's All-Clear

Thursday, February 16, 2017, 6:33 PM

Shares of Cadila Healthcare rose quickly, going up by 22.23% and came in high demand in afternoon deals after the company informed the stock exchanges that its manufacturing facility in Moraiya, Gujarat was inspected by the USFDA with no form 483 issued against the company. Form 483 is issued by FDA when they observe any conditions that violate US Food Drug and Cosmetic Act.
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