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Dr Reddy`S Laboratories Limited
Sector:Pharmaceuticals Pharmaceuticals - Bulk Drugs and Formulations
BSE:500124NSE:DRREDDYBloomberg:DRRD@INReuters:REDY.BO
Market Lot: 1Face Value: 5ISIN Demat: INE089A01023
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28-Jan-2019
Business Profile
Dr. Reddy`s Laboratories was founded by Dr Anji Reddy, a entrepreneur-scientist, in 1984. It started its drug discovery programme in 1993, and within three years it achieved its first breakthrough by outlicensing an anti-diabetes molecule to Novo Nordisk in March 1997.

Dr. Reddy`s is a vertically integrated, global pharmaceutical company with proven research capabilities and presence across the pharmaceutical value chain. It manufactures active pharmaceutical ingredients (APIs) and finished dosage forms and markets them globally, with a focus on United States, Europe, India and Russia. In addition, the drug discovery arm of the company conducts basic research in the areas of diabetes, cardiovascular, inflammation and bacterial infection.

Dr. Reddy`s core businesses of API and branded formulations are well established with an impressive track record. The generics business started operations in 2001.

The company has undertaken expansion into Canada with the Pharmascience Group with a multi-product agreement for the development and marketing of generic products in Canada. It is plannnig the commercialisation of new products for which the products are under trials at various stages of development. It has developed analytical methods for the new products and method validations.

The company acquired betapharm- the fourth-largest generics company in Germany for a total enterprise value of GBP 480 million besides clocking revenues of USD 1 billion in December 2006.

Financials
The company disclosed rise of 53.98% in consolidated net profit on y-o-y basis to Rs 4.56 billion, while total income declined 100.00% y-o-y basis to Rs 0.00 million for the quarter ended June 2018.

Recent Developments
28-JAN-19
Dr. Reddy's Laboratories and its subsidiary, Promius Pharma, LLC today announced the approval of TOSYMRA (previously known as DFN-02) by the U.S. Food and Drug Administration (FDA).

16-JAN-19
Dr Reddy's Laboratories announced that audit of the company's Formulations Srikakulum Plant (SEZ) Unit I, Andhra Pradesh by the USFDA, has been completed on January 15, 2019. The company has been issued a Form 483 with 4 observations.

12-DEC-18
Dr Reddys Laboratories announced the launch of Omeprazole Delayed-Release Tablets, 20 mg, an over-the-counter (OTC) store-brand equivalent of Prilosec OTC (omeprazole delayed-release) Tablets, 20 mg, in the United States market as approved by the U.S. Food and Drug Administration (USFDA).

21-NOV-18
Dr. Reddy's Laboratories announced that the United States Court of Appeals for the Federal Circuit issued a decision in favor of Dr. Reddy's Laboratories Inc., concluding that lndivior had not shown that it is likely to succeed on the merits of its infringement case on U.S. Patent No. 9,931,305.

15-OCT-18
Dr. Reddy's Laboratories today announced that it has entered into a definitive agreement for the sale of its API manufacturing business unit located in Jeedimetla, Hyderabad, to Therapiva Private, an emerging generics pharmaceutical company.

14-SEP-18
Dr. Reddy's Laboratories announced the launch of Neostigmine Methylsulfate Injection, USP, a therapeutic equivalent generic version of Bloxiverz (Neostigmine Methylsulfate) Injection

26-JUL-18
Dr Reddy`S Laboratories announced a sharp rise in consolidated net profit for the quarter ended June 2018. During the quarter, the profit of the company rose 7.72 times to Rs 4,561.00 million from Rs 591.00 million in the same quarter previous year.

26-JUL-18
Dr. Reddy's Laboratories announced today that it has launched Hervycta (Trastuzumab ), a biosimilar of Roche's Herceptin in India, indicated for the treatment of HER2-positive cancers (early breast cancer, metastatic breast cancer and metastatic gastric cancer).



Future Plans
The drug maker today announced the launch of Cresp - the first generic darbepoetin alfa in the world, and the only darbepoetin alfa in India

In Brief

 
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