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Tyche Industries has received US Food and Drug Administration approval for its active pharmaceutical ingredients-manufacturing facility located in Kakinada, Andhra Pradesh, the company said in an exchange filing on Wednesday. Tyche Industries manufactures and exports APIs, intermediates and nutraceuticals. The company posted a profit of ₹23 lakh on a topline of ₹14.16 crore for the quarter ended December 2015.
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