March 28, 2018 / 6:11 AM / a month ago

BUZZ-India's Indoco Remedies slumps on UK drug regulator's observations

** Drugmaker Indoco Remedies Ltd plunges as much as 10 pct to 217.30 rupees, lowest since Oct 6, 2017

** Co said late on Tuesday that UK drugs regulator issued 3 critical and 4 major observations following inspection of its drug manufacturing facility in Goa

** Co manufactures solid dosages, liquid orals and external preparations at the facility, and the regulator inspected it from March 14-16

** Stock posts its biggest intraday pct fall since April 3, 2017; down 13.9 pct this year as of Tuesday’ close after a 7.6 percent rise in the previous year

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