September 19, 2018 / 6:43 AM / 4 months ago

BUZZ-India's Strides Pharma Science slips after U.S. FDA issues 3 observations

** Strides Pharma Science Ltd falls as much as 5.2 pct to 472.35 rupees, its lowest since Aug 24

** Co said its formulation facility in the southern Indian city of Bengaluru has been issued Form 483 with three observations after U.S. FDA’s inspection

** The pharmaceutical co said it believes observations are not material in nature

** Stock posts biggest intraday fall since July 16

** As of last close, stock down 37.5 pct this year

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