Legal6 Aug 2026, 06:13 pm
Medplus Subsidiary's Drug Licenses Suspended for One Day
AI Summary
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. The suspensions are for one day each, affecting stores in Vijayapura, Sindagi, and Raichur. The orders were issued by the Assistant Director of the Drugs Control Administration in respective circles. The company cited violations of the Drugs and Cosmetics Act, 1940 and Rules, 1945. The potential revenue loss is estimated to be approximately ₹0.64 lacs in total.
Key Highlights
- Subsidiary's drug licenses suspended for one day in Karnataka.
- Three stores affected by the suspension orders.
- Potential revenue loss estimated at ₹0.64 lacs.
- Action taken by Drugs Control Administration.
- Violations related to Drugs and Cosmetics Act cited.
Price Impact
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