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BUZZ-India's Alkem Labs slumps after co gets US FDA observations for Daman unit
September 30, 2016 / 4:41 AM / a year ago

BUZZ-India's Alkem Labs slumps after co gets US FDA observations for Daman unit

** Alkem Laboratories Ltd slumps as much as 8.80 pct to its lowest in two weeks

** Company on Thursday said it got 13 observations from the US FDA after inspection at its Daman unit

** Stock on track to post biggest single-day percentage fall since April 18

** Stock had risen about 22 pct this year up to Thursday’s close

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