Medplus Subsidiary Faces 3 Drug License Suspensions in South India

Medplus Health Services Ltd announced that its subsidiary, Optival Health Solutions Private Limited, has received three suspension orders for drug licenses of stores located in Karnataka and Andhra Pradesh. The suspensions are for one day in Hubli, Karnataka; two days in Gadag, Karnataka; and three days in Attapur, Andhra Pradesh. These actions were taken by the Drugs Control Administration authorities. The company estimates a potential revenue loss of ₹0.22 lacs from the Hubli store, ₹0.60 lacs from the Gadag store, and ₹0.76 lacs from the Attapur store, totaling ₹1.58 lacs. The company has stated that this information will be available on its website and the stock exchanges.