Ranbaxy recalls generic Lipitor in US

Nov 23 2012, 17:44 IST
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Laboratories Ltd has voluntarily recalled its cholesterol-lowering drug atorvastatin in the United States. (Reuters) Laboratories Ltd has voluntarily recalled its cholesterol-lowering drug atorvastatin in the United States. (Reuters)
SummaryRanbaxy neither specified reason for recall nor facility from where product is manufactured.

Food and Drug Administration.It has also set aside $500 million towards any settlement charges it might have to pay.Shares of Ranbaxy, which is valued at $3.93 billion, were down 3.5 percent at 494.85 rupees as of 0950 GMT,

underperforming a 0.07 percent fall in the Mumbai market.

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