Express Pharma

Avon Lifesciences’ drugs seized, company denies any wrongdoing

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Assures cooperating with FDA, investigation agencies in drug seizure case

Avon Lifesciences, which has recently been in the news for massive drug haul, has clarified that the drug seizure issue involving the company revolves around theft of some material. According to the company release, it is cooperating with relevant investigating authorities and the FDA to get to the facts around this incident.

In a notice issued to the Bombay Stock Exchange, the company said, “The company wants to assure all stakeholders that we have all valid licenses and statutory registrations for manufacturing, stocking and sale of all products manufactured at our Solapur site. Also all the material has been accounted for and stocked with due notice to concerned