May 17, 2018 / 4:20 AM / 3 months ago

BUZZ-India's Divi's Labs jumps on positive outcome of FDA inspection

** Shares of Divi’s Laboratories Ltd rise as much as 4.1 pct to 1,213 rupees, their biggest daily pct gain since March 27

** Co said a unit at Telangana received no 483 observations on inspection by the U.S. Food and Drug Administration (USFDA)

** An FDA Form 483 is issued to companies when the investigator has observed conditions that may constitute violations of the U.S. Federal Food, Drug and Cosmetic Act, 1938

** USFDA conducted inspection from May 14 to May 16

** Up to Wednesday’s close, stock had risen 6.1 pct compared Nifty Pharma index’s 12.7 pct fall

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