‘Govt, USFDA Dialogue Need of the Hour’
Asserting that regulatory action by the US Food and Drug Administration (USFDA) on leading Indian firms has impacted exports from the country, Dr Reddy's Laboratories chairman Satish Reddy on Wednesday asked for a dialogue between government and US health regulator. Reddy, who was among the industry leaders who attended the Board of Trade meeting here, said exports have been hit due to USFDA actions. Exports of pharma although grew by 9.7% but it used to be in double digits in the past so it has come down slightly, Reddy said. “Even though we are growing, we are not growing according to the potential,” Reddy said.