Pharmaceuticals

Caraco Pharmaceutical Laboratories, Ltd. Updates on Financial Position

Published in Medical Letter on the CDC and FDA, July 12th, 2009

Caraco Pharmaceutical Laboratories, Ltd. (NYSE Amex: CPD), in an effort to update our shareholders, is providing additional information in regards to our financial position in light of the recent FDA action. The products in our inventory related to the FDA action are currently being identified. The early estimated value of this inventory is in the range of $15 to $20 million.

The products subject to seizure do not impact products on hand manufactured by third parties under their own label or manufactured for Caraco under the Caraco label. It also does not impact products recently sold into the market manufactured by Caraco.

Based on the estimated...

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Source: Medical Letter on the CDC and FDA (2009-07-12)

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