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CBM Cleantech Building Materials

7.875
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cleantech Building Materials LSE:CBM London Ordinary Share GB00BV1VRR47 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.875 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cambrex Gets FDA Warning On Milan Manufacturing Facility

24/08/2009 9:07pm

Dow Jones News


Cleantech (LSE:CBM)
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   DOW JONES NEWSWIRES 
 

Cambrex Corp. (CBM) has received a warning letter from the U.S. Food and Drug Administration related to a March inspection of the company's generic active pharmaceutical ingredient, or API, manufacturing facility in Milan, Italy.

Some of the problems cited in the FDA's letter have already been addressed, the company said. But the FDA could block U.S. entry for products manufactured there. It also could withhold approval of new applications or supplements from the facility.

Cambrex added that it expects to address all of the issues in the time period prescribed by the FDA. The letter only applies to the Milan facility, and is not related to other manufacturing facilities.

The company last month reported second-quarter sales fell 9.8% on currency changes, but earnings tripled on cost cuts.

Shares recently fell nearly 1% to $5.31.

-By Alexandra Scaggs, Dow Jones Newswires; 212-416-2673; alexandra.scaggs@dowjones.com

 
 

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