December 30, 2016 / 12:41 PM / a year ago

BRIEF-Merck Ltd says received demand notice from NPPA

Dec 30 (Reuters) - Merck Ltd :

* says demand notice from NPPA

* says co has been legally advised it has a good defendable case on merits

* co will challenge orders and will defend itself vigorously

* says received a demand notice from national pharmaceutical pricing authority demanding a sum of rs. 116.8 million rupees plus interest

* says NPPA alleges overcharging of price of formulation, polybion l 100 ml syrup, during period from January 2006 to June 2009

* government has issued demand notice despite the fact that co was neither a manufacturer nor a marketer of the subject drug Source text: (bit.ly/2hyWxsn) Further company coverage: (Bengaluru newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below