‘Govt, USFDA Di­a­logue Need of the Hour’

The Economic Times - - Companies -

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.

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