Operations at Natco Pharma Chennai factory temporarily disrupted due to cyclone
Hyderabad: Natco Pharma has announced that the operations at the Company's factory located at Manali Industrial Area, Chennai, Tamil Nadu have been temporarily disrupted due to cyclone with flooding/water logging of the factory premises.
"After following the required step process & safety measures, the factory operations have been shut down temporarily. Necessary steps are being taken to drain out the water. After careful evaluation and following all the regulatory procedures, the operations would be commenced at the earliest," Natco Pharma stated in a recent BSE filing.
The site manufactures Active Pharmaceucals Ingredient (API) Products for Cancer Medicines at the aforesaid factory.
"The Company will continue to service the customers uninterruptedly from the inventory of finished goods," Natco further stated.
Read also: Natco Pharma Pharmacovigilance department successfully completes USFDA inspection
"There is no material impact on the financial position or sales of the Company. The factory is adequately covered by insurance through the policy coverage," it added.
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