The drug firm is shutting down the unit because of the low demand for the product in the export markets
AstraZeneca Pharma India will close its Active Pharmaceutical Ingredient (API) unit at Bengaluru due to low demand for the product in the export markets.
The Board of Directors of the company at its meeting held on December 2, 2015 has decided to close the Active Pharmaceutical Ingredient (API) Unit at Yelahanka in Bengaluru, AstraZeneca Pharma India said in a filing to BSE.
The company, however, did not disclose what it intended to do with the employees working at the respective unit.
“The Board took the decision as Terbutaline Sulphate (TBS) was the last API to be manufactured at the API unit and no other API manufacturing activity is planned to be carried out at this unit in the future,” it added.
The decision was taken following an application to the DCGI to withdraw the manufacturing licence for TBS, AstraZeneca Pharma India said.
The product was manufactured primarily for export and the company applied to withdraw the licence following low demand in the export markets.
The company’s tablet manufacturing plant that started commercial operations in 2013 will continue to operate at the above mentioned location, AstraZeneca said.
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