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Wockhardt (WPL) Falls After U.K. Regulator Action on Factory


10/14/2013 6:59:45 AM

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Wockhardt Ltd. (WPL) fell the most in more than three weeks in Mumbai trading after the company said the U.K. drugs regulator withdrew a certificate entitling one of its plants to export drugs to the nation. Wockhardt dropped as much 5.1 percent, poised for the biggest decline since Sept. 17. The stock traded down 5 percent at 499.65 rupees as of 10:43 a.m. in Mumbai. A factory needs the so-called good manufacturing practice, or GMP, certification to supply medicines to the U.K.

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