Full Press Release Details
Dr. Reddy s Laboratories announces new strategic deal
with Gland Pharma in the U.S. Market
Hyderabad, India and Princeton, NJ, USA. October 26, 2016 Dr. Reddy s Laboratories Ltd (BSE: 500124, NSE: DRREDDY, NYSE: RDY)
announced today that it has entered into a strategic collaboration with Gland Pharma, a globally recognized developer and manufacturer of sterile dosage forms, to market and distribute a diverse portfolio of eight injectable Abbreviated New Drug
Applications (ANDAs). The portfolio is a mix of filed ANDAs pending approval by the US Food and Drug Administration (USFDA) and ANDAs that will be filed imminently, and comprised of generic injectables administered in hospitals and clinics in the
U.S. The combined sale of branded and generic versions of the products in the U.S. is approximately US$ 1 Billion MAT for the most recent twelve months ending in August 2016 according to IMS Health*.
Alok Sonig, Executive Vice President and Head of North America said, We are excited about this opportunity. Dr. Reddy s Laboratories has a strong
track record in developing, marketing and distributing generic injectables in the U.S. Our strengths, combined with Gland s track record of manufacturing and operational excellence, will help bring affordable medications within reach of
patients and complement our specialty injectables offering in the short-to-medium term.
Srinivas Sadu, Chief Operating Officer of Gland Pharma
added, We are happy to expand our collaboration with Dr.Reddy s for marketing and distribution of Gland Products in US and other Ex US markets. Dr.Reddy s has an impressive track record of commercializing injectables products in the
U.S, and we are confident that our partnership will continue to grow.
Dr. Reddy s is aggressively developing its US injectable business and
recently launched Paricalcitol Injection, a therapeutic equivalent generic version of Zemplar .
*IMS National Sales Perspective: Retail and Non-Retail MAT August 2016
About Dr. Reddy s: Dr. Reddy s
Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY) is an integrated pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses Pharmaceutical Services & Active
Ingredients, Global Generics and Proprietary Products Dr. Reddy s offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, biosimilars and differentiated formulations. Our major therapeutic
areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology. Dr. Reddy s operates in markets across the globe. Our major markets include USA, India, Russia & CIS countries, and Europe.
For more information, log on to: www.drreddys.com
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