The Russian Direct Investment Fund added that it had agreed to cooperate on clinical trials and the distribution of the vaccine with the Indian firm
Ongoing pace of product launches in the US should lead to stronger growth after a good Q1, say analysts
Dr Reddy's Laboratories on Wednesday said it has launched over-the-counter Diclofenac Sodium topical gel, used for arthritis pain, in the US market
Dr Reddys Laboratories Ltd on Wednesday announced the launch of Remdesivir, meant for treatment of COVID-19 patients, under a brand name 'Redyx' in India
Drug firm Wockhardt on Saturday reported a consolidated net profit of Rs 759.75 crore for June quarter mainly on account of exceptionalitems in connection with the transfer of a business comprising 62 products and Baddi facility toDr Reddy's Laboratories. The company had posted a net loss of Rs 36.88 crore for April-June 2019-20, Wockhardt said in a filing to BSE. Total income stood at Rs 606.22 crore in the quarter under review. It was Rs 733.66 crore in the year-ago period, the filing added. Wockhardt launchednew chemical entity (NCE) during the quarterin the Indian pharma market. Products have been launched under the tablet and injection category under the brand name 'Emrock O and Emrock', the filing said. The focus on strategic R&D initiatives of the company in the global arena continued to remain one of the key priorities,itadded. It said that divestment of business undertaking to Dr Reddy's Laboratories was accomplished during the quarter and Rs 1,483 crore has been received
Pharma major Dr Reddy's Laboratories said it has launched generic Penicillamine capsules, used for treatment of Wilson's disease and cystinuria, in the US market
Dr Reddys Laboratories Ltd announced its entry into the hospital nutrition segment with the launch of 'Celevida Maxx' in India
Drug to be imported from Japan for time being, India manufacturing to start soon
Dr Reddy's Laboratories Ltd announced the launch of Avigan (Favipiravir) 200 mg tablets in India
Major therapy areas show decline or low single-digit growth
Trying to boost acquired Wockhardt portfolio which saw sharp decline in sales during pandemic
Normalising US and India sales likely to drive earnings in FY21
In the first of a 5-part series, we look at reasons keeping Indian pharma sector from becoming the best globally
The company however remains cautiously optimistic of re-calibrating its levers to suit the new business environment, it noted
Dr Reddy's will herewith establish a setup for manufacturing drugs of the same quality as Avigan, and utilize GRA's global sales network to supply the manufactured drugs swiftly and in a stable manner
Ties up with Fujifilm for exclusive rights over Avigan for Indian market, can sell overseas too
Japan's Fujifilm Holdings Corp said it was partnering with Dr Reddy's Labs to sell the anti-flu drug Avigan in India and elsewhere to treat Covid-19, the respiratory disease caused by the coronavirus.
The drug major has also earmarked a capital expenditure (capex) of Rs 1,000 crore for finding various projects during the ongoing financial year
DRL to receive technology transfer from Gilead and would need to scale up manufacturing and obtain regulatory approvals from 127 countries for marketing the drug
Looking at the strong setup on the medium term charts, it would be advisable to buy Nifty around 9,900, for the upside target of 10,300.