Venus Remedies receives Zimbabwe GMP Accreditation for its Facilities

Venus Remedies Ltd has announced that the newly completed manufacturing facilities of the Company have successfully cleared yet another Plant Inspection by the M.C.A. of Zimbabwe and have been accredited with the Zimbabwe GMP certification.

The Medicines Control Authority of Zimbabwe has issued the certificate of Good Manufacturing Practice after carrying out the detailed inspection of the newly created manufacturing plants of the Company. The facilities have been found suitable for storage, Production, Packaging and Quality Control as per the GMP norms of MCA of Zimbabwe.

This new milestone shall now facilitate the Product registration process in Zimbabwe and allow the Company to fast penetrate the Zimbabwe market. The Company has got two of its Specialty products registered and more dossiers of its range of Specialty products are in process of registration. The Company has already entered into a Strategic Marketing Tie-up with a leading Distributor in that country for proper placement of its products.

The stock closed the day at Rs.472.60, down by Rs.19.55 or 3.97%. The stock hit an intraday high of Rs.487 and low of Rs.465. The total traded quantity was 21136 compared to 2 week average of 8725.

Source : Equity Bulls

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