Gvk bio may exit clinical trials

1. GVK Bio may exit clinical trials
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2. Contd..
• Beleaguered home grown contract research organization
GVK Biosciences (GVK Bio) is considering putting its clinical
trials business on the block, in part or full, if market buzz is
to be believed. According to people familiar with the
development, the company is already in parleys to sell the
business, which accounts for just 10% of its revenues. But
the company's image was tarnished following European
drug regulators' allegations that exit ECG data of trial
subjects was manipulated at its Hyderabad facility . The
buzz comes even as the European Medicines Agency has
ordered the largest EU-wide suspension of sales and
distribution of around 700 generic drugs (being sold by
various global pharma players) for which clinical trials were
conducted at GVK Bio with effect from August 21 this year.
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