Cohance says CAPA filed for six USFDA observations
COHANCE · price
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On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 0.5 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cohance clarified media reports about six USFDA observations following an inspection of its Nacharam finished dosage facility. The company said it filed a corrective and preventive action plan on time and is working with the USFDA. US revenue from the facility was below 2% of FY2025 consolidated revenue, while related earnings before interest, tax, depreciation and amortization were below 1%.
The facility contributes little to revenue and profit, limiting financial exposure, but compliance issues could affect future US business.