Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Since 2014 Dr Reddy's manufacturing sites at Medak, Miryalaguda, Bachupally and Srikakulam have failed FDA inspections. Dr Reddy has been forced to withdraw over 600000 famotidine tablets from US market. And Mezzion is currently suing Dr Reddy for damages claiming that Dr Reddy's non-compliance with FDA regulations was the sole reason given by FDA for denying NDA for udenafil. Maybe that explains why IPIX's CMO is now Evonik.