Indian drugmaker Laurus Labs said on Tuesday that four of its employees died following a flash fire in a room in a manufacturing block of its plant in Visakhapatnam.
One other employee is undergoing treatment in a hospital after the incident that occurred on Monday evening, Laurus said.
The company, which specializes in anti-retroviral, hepatitis C and oncology drugs, said it has launched an investigation, without giving any other specifics about the incident.
Laurus said its other manufacturing blocks were running normally and that it did not expect any material impact on its operations.
It employs over 5,700 people at more than eight facilities including in the Indian cities of Hyderabad and Visakhapatnam, according to a July filing.
Laurus's shares fell as much as 2.4% in early trading on Tuesday, before recovering to trade down 0.5%. They had already declined about 29% so far this year.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
MS Dhoni 43rd Birthday: Fans Celebrate Birthday Near His House In Ranchi
10 Elderly Residents Die In Fire At Uruguay Nursing Home School Van Catches Fire In Madhya Pradesh, Locals Rescue Students: Cops Man Sets Live-In Partner On Fire After Fight In Maharashtra, Cops File Case BJP's 'Bal Buddhi' Re-Plug On Rahul Gandhi's Ram Janmabhoomi Movement Claim Could Kamala Harris Beat Trump In US Presidential Race? Polls Suggest... Mumbai Hit-And-Run: Shinde Sena Leader's Son Missing, 6 Teams Look For Him 2024 Set To Become World's Hottest Year As June Breaks Breaks Records France's Allies Relieved By Le Pen Loss But Worry About Messy Coalition TNEA Rank List 2024 To Be Released On This Date, Check Details Track Latest News Live on NDTV.com and get news updates from India and around the world.