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Brooks Lab soars 20% on receiving manufacturing licence for Gujarat facility

September 02, 2016

Brooks Laboratories is locked at upper circuit of 20% at Rs 122 on the National Stock Exchange (NSE) on the back of heavy volumes after the company said it has got manufacturing license for its new manufacturing facility at Vadodara in Gujarat.

“The company's new manufacturing facility at Vadodara, Gujarat has been granted with manufacturing licence from Commissioner of Food & Drugs Control Administration, Gandhinagar, for manufacture of pharmaceutical products,” Brooks Laboratories said in a regulatory filing.

The manufacturing licence is valid for the period of 5 years from August 16, 2016 to August 15, 2021, it added.

Source : Business Standard

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