Drug firm Natco Pharma today said its active pharmaceuticals ingredient plant at Chennai has suspended operations due to flooding caused by rains.
The company’s “wholly owned subsidiary’s active pharmaceuticals ingredient (API) plant has temporarily suspended operations due to folding caused by incessant rains in the plant area,” Natco Pharma said in a filing to the BSE.
The unit manufactures few oncology related API’s at the plant.
“The company believes that this temporary shutdown should not impact or impair its pipeline launches from the plant,” Natco Pharma said.
Shares of Natco Pharma were today trading at Rs 515 per scrip in the afternoon trade on BSE, down 1.76 per cent.