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RDY Positive Sentiment Score: 80/100

Dr. Reddy's Laboratories Ltd. 8-2-337, Road No. 3, Banjara Hills, Hyderabad - 500 034, Telangana, India. CIN : L85195TG1984PLC004507 Tel : +91 40 4900 2900 Fax : +91 40 4900 2999 Email : mail@drreddys.com www.drreddys.co

Key Takeaway: Dr. Reddy's Laboratories has announced the launch of its Saxagliptin and Metformin Hydrochloride Extended-Release Tablets in the U.S. market. This product is a therapeutic equivalent to KOMBIGLYZE XR and has received approval from the U.S. Food and Drug Administration. The tablets are available in multiple strengths and bottle counts, further diversifying Dr. Reddy's offerings in diabetes treatment. The launch highlights the company's commitment to expanding access to affordable medications.

Market Sentiment Analysis

POSITIVE FACTORS

  • Launch of Saxagliptin and Metformin Hydrochloride Extended-Release Tablets expands product portfolio in the U.S.
  • Therapeutic equivalent generic version approved by the USFDA, indicating regulatory compliance.
  • Strengthens Dr. Reddy's presence in the diabetes treatment market.

Full Press Release Details

National Stock Exchange of India Ltd. (Scrip Code: DRREDDY-EQ)
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd (Stock Code: DRREDDY)
Please find enclosed a Press Release on "Dr.
Reddy's Laboratories announces its launch of Saxagliptin and Metformin Hydrochloride Extended-Release Tablets in the U.S".
This is for your information.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer and Head-CSR
CONTACT
DR. REDDY'S LABORATORIES LTD. 8-2-337, Road No. 3, Banjara Hills, Hyderabad - 500034. Telangana, India. Investor relationS RICHA PERIWALr ichaperiwal@drreddys.com Media relationS USHA IYER ushaiyer@drreddys.com
Dr. Reddy's Laboratories announces
its launch of Saxagliptin and Metformin Hydrochloride Extended-Release Tablets in the U.S.
Hyderabad India; August 10, 2023
- Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY, along with its subsidiaries together referred
to as "Dr. Reddy's"), today announced its launch of Saxagliptin and Metformin Hydrochloride Extended-Release Tablets in the
U.S. market, a therapeutic equivalent generic version of KOMBIGLYZE XR (saxagliptin and metformin hydrochloride extended release)
tablets, approved by U. S. Food and Drug Administration (USFDA).
Dr. Reddy's Saxagliptin and
Metformin Hydrochloride Extended-Release Tablets are supplied in a strength of 2.5 mg/1000 mg in bottle count of 60 and strengths of 5
mg/500 mg and 5 mg/1000 mg each in bottle counts of 30.
Please click here to see the full prescribing information,
KOMBIGLYZE is a registered trademark
of the AstraZeneca group of companies.
About Dr. Reddy's: Dr. Reddy's
Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY) is a global pharmaceutical company headquartered in Hyderabad,
India. Established in 1984, we are committed to providing access to affordable and innovative medicines. Driven by our purpose of Good
Health Can't Wait', we offer a portfolio of products and services including APIs, generics, branded generics, biosimilars
and OTC. Our major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology.
Our major markets include - USA, India, Russia & CIS countries, China, Brazil and Europe. As a company with a history of deep
science that has led to several industry firsts, we continue to plan ahead and invest in businesses of the future. As an early adopter
of sustainability and ESG actions, we released our first Sustainability Report in 2004. Our current ESG goals aim to set the bar high
in environmental stewardship; access and affordability for patients; diversity; and governance. For more information, log on to: www.drreddys.com.
Disclaimer: This press release may
include statements of future expectations and other forward-looking statements that are based on the management's current views
and assumptions and involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ
materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context,
the words "may", "will", "should", "expects", "plans", "intends", "anticipates",
"believes", "estimates", "predicts", "potential", or "continue" and similar expressions
identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to
without limitation, (i) general economic conditions such as performance of financial markets, credit defaults , currency exchange rates,
interest rates, persistency levels and frequency / severity of insured loss events, (ii) mortality and morbidity levels and trends, (iii)
changing levels of competition and general competitive factors, (iv) changes in laws and regulations and in the policies of central banks
and/or governments, (v) the impact of acquisitions or reorganization, including related integration issues, and (vi) the susceptibility
of our industry and the markets addressed by our, and our customers', products and services to economic downturns as a result of
natural disasters, epidemics, pandemics or other widespread illness, including coronavirus (or COVID-19), and (vii) other risks and uncertainties
identified in our public filings with the Securities and Exchange Commission, including those listed under the "Risk Factors"
and "Forward-Looking Statements" sections of our Annual Report on Form 20-F for the year ended March 31, 2023. The company assumes
no obligation to update any information contained herein.

Frequently Asked Questions

What product did Dr. Reddy's launch in the U.S.?

Dr. Reddy's launched Saxagliptin and Metformin Hydrochloride Extended-Release Tablets.

What is the strength of the newly launched tablets?

The tablets are available in 2.5 mg/1000 mg, 5 mg/500 mg, and 5 mg/1000 mg.

What is KOMBIGLYZE XR?

KOMBIGLYZE XR is a registered trademark of AstraZeneca for the same formulation.

Where is Dr. Reddy's Laboratories headquartered?

Dr. Reddy's Laboratories is headquartered in Hyderabad, India.

How can I access more information about the product?

You can find full prescribing information on Dr. Reddy's website.

Last updated: Aug 10, 2023