Pharma major Lupin announced today the completion of a US FDA inspection carried out at its Pithampur Unit-3 (Indore) facility. The inspection was a GMP inspection for the facility and also a Pre-Approval Inspection (PAI) for the company's Tiotropium DPI ANDA. The inspection at the site was conducted between October 8, 2018 and October 18, 2018.

The inspection closed with five observations. These observations are procedural in nature.

Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally. The Company is a significant player in the Cardiovascular, Diabetology, Asthma, Pediatric, CNS, GI, Anti-Infective and NSAID space and holds global leadership position in the Anti- TB segment.

Shares of the company declined Rs 17.8, or 1.99%, to trade at Rs 877.60. The total volume of shares traded was 139,961 at the BSE (3.47 p.m., Friday).