Medplus Health Services in red after subsidiary’s store licence is suspended

The Thane Food and Drug Administration has suspended the drug license for the store in Khopat Thane for 15 days

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Medplus Health Service share price was trading marginally in the red early February 16 after the company’s subsidiary drug licence for a Mumbai store was suspended.

At 9.20 am, Medplus Health Services was quoting at Rs 634.75, down Rs 1.70, or 0.27 percent, on the BSE.

The Thane Food and Drug Administration suspended the drug licence for the store in Khopat Thane for 15 days for violation of various conditions.

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In January, the company received orders from the assistant director and drug sales licensing authority of the Drug Control Administration, Mahabubnagar TS, for suspension of licence for six days for store at Shankarayapally Jadcherla, and another for the suspension of licence for seven days for a store at Hayath Nagar.

In December, one of the subsidiary companies received orders from the assistant director and drug sales licensing authority and drug control authorities from various locations.

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