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MedPlus Health Services Ltd. ( (IN:MEDPLUS) ) has shared an update.
MedPlus Health Services Ltd. announced that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order for a Drug License for one of its stores in Andhra Pradesh. The suspension, issued by the Drug Control Administration of Vizianagaram District, is for a duration of seven days and is expected to result in a potential revenue loss of approximately Rs 0.91 lacs. This development highlights a regulatory challenge for the company, potentially impacting its operations and financial performance in the region.
More about MedPlus Health Services Ltd.
MedPlus Health Services Ltd. operates in the healthcare industry, primarily focusing on retail pharmacy services. The company is known for its extensive network of pharmacy stores across India, providing a wide range of pharmaceutical products and health-related services.
Average Trading Volume: 21,376
Technical Sentiment Signal: Hold
Current Market Cap: 89.78B INR
Learn more about MEDPLUS stock on TipRanks’ Stock Analysis page.