NEULAND LABS REPORTS ANOTHER SUCCESSFUL FDA AUDIT AND WINS 2015 CMO LEADERSHIP AWARD
—Recent FDA Audit is Neuland's Ninth Successful FDA Review; Matched by Record of Positive Regulatory Performance in Europe and Japan—
— 2015 CMO Leadership Award for Quality is Based on Independent Survey of Customers and Industry Experts—
Hyderabad, India – January 26, 2015 – Neuland Laboratories Ltd., (NSE:NEULANDLAB; BSE-Scrip Code:524558), a pharmaceutical manufacturer providing active pharmaceutical ingredients (APIs), complex intermediates and custom manufacturing solutions services to customers located in 85 countries, today announced it has been awarded a 2015 CMO Leadership Award from Life Science Leader magazine in the Quality category. Neuland also announced that one of its two main manufacturing units successfully completed an audit by the U.S. Food and Drug Administration (FDA), replicating the success of the prior audit of this unit conducted in 2010. Neuland's other manufacturing unit completed a similarly problem-free FDA audit in 2012.
Neuland's Chief Executive Officer, Mr. Sucheth R. Davuluri, noted, "In our 30 years of operations, achieving the highest standards of quality and regulatory excellence have been core values for Neuland. We were proud to have been one of the first contract manufacturing companies in India to be inspected by the FDA in 1997, and today more than 90% of our business is in highly regulated markets in the U.S., Europe and Japan. Since we view quality and regulatory performance as deeply intertwined, it is fitting that we now have won CMO leadership awards in both categories. The entire Neuland organization is committed to ensuring that our worldwide reputation for quality and regulatory excellence is further strengthened and extended as we continue to grow in the coming years."
Neuland provides products and services to customers in 85 countries, focusing on the U.S., Europe and Japan. It is inspected and certified by the most rigorous regulatory agencies in the world.
The CMO Leadership Awards are based on responses of pharmaceutical and biopharmaceutical executives to a survey conducted by Nice Insight and sponsored by Life Science Leader magazine. The award recognizes those contract manufacturing organizations that are most highly rated by industry respondents. Neuland will be included in the annual CMO Leadership Awards supplement that will be published in March 2015. The 2015 CMO Leadership Awards will be formally presented at a ceremony at the W Hotel in New York City on March 18, 2015.
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