ADVERTISEMENT

Pharma Sector Check - Will U.S. FDA Follow Canada, U.K. In Recalling Losartan? Motilal Oswal

Pharma Sector Check - Will U.S. FDA Follow Canada, U.K. In Recalling Losartan? Motilal Oswal

<div class="paragraphs"><p>A collection tray holds&nbsp;tablets during manufacture. (Photographer: Oliver Bunic/Bloomberg)</p></div>
A collection tray holds tablets during manufacture. (Photographer: Oliver Bunic/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

From May-September 2021, Canada has recalled over 170 lots of Losartan manufactured by five different companies due to the higher-than-permissible levels of azido impurities, which raises the risk of cancer in patients taking the drug regularly.

With the UK also issuing similar recalls on Losartan in August 2021, along with Irbesartan, there is an increasing risk, that the U.S. Food and Drug Administration may follow suit in recalling Losartan finished formulations, where the limit of azido impurities are found to be higher than permissible levels.

While Indian pharma companies - Aurobindo Pharma Ltd., Cadila Healthcare Ltd. and Lupin Ltd. dominate the Losartan formulations market in the U.S., their exposure is just 1-3% of U.S. sales and ~1% of total sales.

The recall may have a minimal financial impact.

Click on the attachment to read the full report:

Motilal Oswal Pharma Sector Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.