Dr Reddy's Hit with Rs 27 Lakh Fine in Mexico
New Delhi: Hyderabad-based pharmaceutical giant, Dr Reddy’s Laboratories, has been fined approximately Rs 27 lakh by Mexico’s regulatory body, COFEPRIS (Comisión Federal para la Protección contra Riesgos Sanitarios).
The penalty, equivalent to MXN 6,51,420, was levied due to non-compliance with Mexico’s guidelines for import filings related to a reference standard for one of the company’s active pharmaceutical ingredients (APIs).
COFEPRIS notified Dr Reddy's of a penalty of MXN 6,51,420 "for deviation from prescribed guidelines in filing intimation of import of a reference standard for one of the company's APIs."
Also Read: Dr Reddy's Laboratories Gets CDSCO Panel Nod for Marketing Approval of Siponimod Tablets
In a regulatory filing, Dr Reddy’s explained that COFEPRIS cited two issues, an incorrect invoice date and a mismatch between the import license details and the reference standard’s name.
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.