The company said it has entered into a definitive agreement to acquire yet to be marketed portfolio of ANDAs, including more than 30 generic injectable products
These markets get a higher valuation compared to the US
Compliance norms to keep Dr Reddy's under pressure
The complaint involves 30 generic drugs, 42 companies; DRL denies wrongdoing, says will vigorously defend itself
It may be recalled that the company's net profit had declined 29 per cent in the year ago period
Dr Reddy's said it uses distribution controls to market Propofol Injectable Emulsion, USP, to prevent any misuse
Dr. Reddy's retreats from record after earnings
Quoting IMS Health data, Dr Reddy's Laboratories said the Aggrenox brand and generic had US sales of approximately $182 million for the most recent 12 months ending in October 2018
Shares of Dr Reddy's were trading 0.20 per cent higher at Rs 2,695 apiece on the BSE
The stock hit a 52-week high of Rs 2,700, up 2%, extending its previous day's 3% gain on the BSE, surpassed its previous high of Rs 2,687 recorded on September 28 in intra-day trade.
Chlorthalidone tablets USP in the strengths of 25 mg and 50 mg
The stock of Dr Reddy's Laboratories was up about six per cent on the bourses, after an appellate court in the US on Tuesday cleared the way for the company to resume sales of a Suboxone generic. The drug is used to treat opioid addiction and is expected to generate as much as $100 million (a little over Rs 7 billion) in revenue annually.Dr Reddy's had stopped selling the drug after a lower court gave an adverse verdict in June. Prior to the restraining order, the company had reportedly earned $25 mn from the drug, which has an overall market size pegged at $1.8 bn. The development comes as a shot in the arm for Dr Reddy's, which has been struggling to retain its sales growth in the US market, due to fewer big-ticket launches and delayed product approvals. Analysts termed the development a big positive but noted a multiple player market could impact the company's share. Mylan has already settled with Indivior (the innovator) and is expected to soon enter with its own generic version ..
Shares of Dr.Redyy's closed at Rs 2,470.85 a unit, up by 0.36 per cent compared to the previous close, at BSE on Friday
The latest Form 483 with 8 observations came as a clear setback for the company, which was hoping to complete the remediation without giving a scope for any more observations
The fresh round of concerns raised by the USFDA inspectors over the Oncology formulations facility comes as a big setback to the company
Aspirin is used to treat pain, fever or inflammation while dipyridamole is used as an anti-coagulant
DFA-02 has been studied in several phase 1 and 2 clinical studies
Briviact is approved as an adjunctive therapy for the treatment of partial-onset seizures in epilepsy patients who are 16 years of age and older
There are not many growth triggers for the company, say analysts
Upon approval, the product will be commercialised by Promius Pharma