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USA bans Indian drugmaker Divi's factory

USA bans Indian drugmaker Divi's factory

Wednesday, March 22, 2017, 5:35 PM

US health regulators have banned a drug production site in India belonging to Divi's Laboratories LtdBSE -1.19 % due to manufacturing violations, sending the company's shares down to a near three-year low on Wednesday. This comes at a time when an increasingly protectionist stance by US President Donald Trump is threatening to make the operating environment tougher for India's drugmakers.
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