USFDA says it's a class II recall, initiated when a drug may cause temporary or reversible adverse health conditions
The company saw surge in selling, general and administrative expense surge 7% year-on-year
The company proposes to spend Rs 1,569.41 crore to buy shares at a maximum price of Rs 3,500 per share
Eisai will be responsible for the development and marketing of E7777 in Japan and Asia, while Dr Reddy's holds the option for rights to develop and market the agent in India
Biosimilar products will be registered and commercialised by T-Pharm
Dr Reddy's and other large Indian pharmaceutical companies earn two-thirds of their revenues from exports, said the company's CFO
The stock rallied 6.5% to Rs 3,154, extending its previous day's 3.6% gain on the National Stock Exchange.