News
4 Dec 2015
Natco Pharma’s WOS API plant operations at Chennai temporarily suspended
Flooding caused by heavy rain.
Natco Pharma has stated that its wholly owned subsidiary’s active pharmaceuticals ingredient plant at Manali Industrial Area, Chennai, has temporarily suspended operations due to flooding caused by incessant rains in the plant area.
The Unit manufactures a few oncology-related APIs at its Manali site. The company believes that this temporary shutdown should not affect/impair its pipeline launches associated with this plant. The Unit is also adequately insured for any losses it has incurred in fixed assets, raw materials and loss in production including work-in-progress. Actual losses will be assessed once this natural calamity passes by, and the plant is back in full operational mode.
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