Full Press Release Details
National Stock Exchange of India Ltd. (Scrip Code:
BSE Limited (Scrip Code: 500124)
New York Stock Exchange Inc. (Stock Code: RDY)
NSE IFSC Ltd. (Stock Code: DRREDDY)
under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is to inform that the Company enters into exclusive
distribution partnership with Sanofi Healthcare India Private Limited ( SHIPL') to promote and distribute the vaccine brands
of SHIPL including well-established paediatric and adult vaccines, in India. The details as required under Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 are as hereunder:
| i | Name of the entity (ies) with whom agreement / JV is signed | : | Sanofi Healthcare India Private Limited ( SHIPL') |
| ii | Area of agreement / JV | : | Exclusive distribution partnership |
| iii | Domestic/ international | : | Domestic - India |
| iv | Share exchange ratio/ JV ratio | : | Not applicable |
| v | Scope of business operation of agreement / JV | : | Exclusive rights to promote and distribute the vaccine brands of SHIPL including well-established paediatric and adult vaccines. The vaccine brands saw combined sales of approx. INR 426 crores (approx. USD 51 million) as per IQVIA Moving Annual Total (MAT) February 2024. |
| vi | Details of consideration paid/ received in agreement / JV | : | There is no upfront payment involved in this arrangement. Under this arrangement, SHIPL shall supply to the Company and the Company shall purchase from SHIPL, the vaccine brands of SHIPL including well-established paediatric and adult vaccines for promoting and distributing the same in private markets in India. |
| vii | Significant terms and conditions of agreement / JV in brief | : | Under the arrangement, the Company will have exclusive rights to promote and distribute Sanofi's well-established and trusted vaccine brands Hexaxim , Pentaxim , Tetraxim , Menactra , FluQuadri , Adacel and Avaxim 80U. |
| viii | Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length | : | Not Applicable |
| ix | Size of the entity (ies) | : | Not applicable The vaccine brands saw combined sales of approx. INR 426 crores (approx. USD 51 million) as per IQVIA MAT February 2024. |
| x | Rationale and benefit expected | : | The partnership continues the Company's efforts to become the partner of choice in increasing access to novel, innovative as well as trusted drugs for patients. The partnership gives the Company a strong portfolio and major presence in the vaccine segment in India, taking it to second position among vaccine players in India (as per IQVIA MAT February 2024) |
A copy of the press release to be released is annexed
This is for your information and records.
For Dr. Reddy's Laboratories Limited
Company Secretary, Compliance Officer & Head-CSR
| CONTACT | ||
| DR. REDDY'S LABORATORIES LTD. | Investor relationS | Media relationS |
| 8-2-337, Road No. 3, Banjara Hills, | RICHA PERIWAL | USHA IYER |
| Hyderabad - 500034. Telangana, India. | richaperiwal@drreddys.com | ushaiyer@drreddys.com |
| RADHIKA SHAH | APARNA THOMAS | |
| IGRC.SIL@SANOFI.com | APARNA.THOMAS@SANOFI.com |
Reddy's enters into exclusive distribution partnership with Sanofi
Healthcare India Private Limited for their vaccine brands in India
India; March 27, 2024 - Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY; hereafter
referred to as "Dr. Reddy's"), a global pharmaceutical company, today announced that it has entered into an exclusive
partnership with Sanofi Healthcare India Private Limited ("SHIPL") to promote and distribute their vaccine brands across
private markets in India.
the arrangement, Dr. Reddy's will have exclusive rights to promote and distribute Sanofi's well-established and trusted paediatric
and adult vaccine brands Hexaxim , Pentaxim , Tetraxim , Menactra , FluQuadri , Adacel and Avaxim 80U.
These brands saw combined sales of approx. INR 426 crores (approx. USD 51 million) as per IQVIA MAT February 2024. Sanofi will continue
to own, manufacture, and import these brands to the country.
Futnani, General Manager India for Vaccines, Sanofi, said, "Vaccine confidence has reached its highest in India in the last
few years. Yet, there is much to be done for the rest of the country's large unvaccinated cohort. To fulfil our long-term commitment
to India and expand our geographic reach, we're pleased to partner with Dr. Reddy's Laboratories (Dr. Reddy's) for
exclusive distribution and promotion. We're confident this partnership will further bolster our promise of saving millions of lives
against vaccines-preventable diseases with improved vaccination coverage."
Ramana, Chief Executive Officer, Branded Markets (India and Emerging Markets), Dr. Reddy's, said: "We are happy to
have the opportunity to leverage our strengths in promotion and distribution to considerably expand engagement with healthcare professionals
and help widen access of Sanofi's well-established and trusted vaccine brands in India. We continue our efforts to become the partner
of choice in bringing novel, innovative and trusted drugs to patients in India through strategic collaborations. The portfolio now gives
Dr. Reddy's a strong presence in the vaccine segment, propelling us to the second position among vaccines players in India. Through
each product and partnership, our aim is to serve over 1.5 billion patients by 2030."
| Brand | Label Indication |
| Hexaxim | Indicated for primary and booster vaccination of infants and toddlers from six weeks of age against diphtheria, tetanus, pertussis, hepatitis B, poliomyelitis and invasive diseases caused by Haemophilusinfluenzae type b (Hib). |
| Pentaxim | Indicated for the active immunization of children against Diphtheria, Pertussis, Tetanus, Polio and against invasive infections due to Haemophilusinfluenzae type b bacterium (such as meningitis, septicaemia, etc.) in children from the age of 2 months or according to local recommendations. This vaccine does not protect against infections caused by other types of Haemophilusinfluenzae nor against meningitis due to other micro-organisms. |
| Tetraxim | Indicated in the joint prevention of diphtheria, tetanus, pertussis and poliomyelitis: for primary vaccination in infants from the age of 2 months, for booster vaccination, one year after primary vaccination during the second year of life, for booster vaccination between 5 and 13 years of age, according to official recommendations |
| Menactra | Indicated for active immunization to prevent invasive meningococcal disease caused by N. meningitidis serogroups A, C, Y, and W-135. MENACTRA is approved for use in individuals 9 months through 55 years of age |
| FluQuadri | FluQuadri is an inactivated quadrivalent influenza vaccine indicated for the prevention of influenza disease caused by influenza types A and B viruses contained in the vaccine. FluQuadri is approved for use in persons 6 months of age and older. |
| Adacel | Indicated for active booster immunization for the prevention of tetanus, diphtheria and pertussis (whooping cough) as a single dose in persons aged 11 to 54 years. In accordance with local recommendations, ADACEL may be considered as an alternative for the fifth dose of tetanus, diphtheria and acellular pertussis vaccine (DTaP) in children 4 to 6 years of age, concomitantly administered with Inactivated Poliomyelitis Vaccine (IPV), at separate sites to complete the vaccination series for this age, when indicated |
| Avaxim 80U | This vaccine is recommended for the prevention of the infection caused by the Hepatitis A virus in children aged from 12 months to 15 years inclusive |
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.
- in India for India
Sanofi India, we are in a great place to make a difference. Present in India for nearly seven decades, we have earned the trust of our
customers and stakeholders for our commitment to promoting health. As we chase the miracles of science to improve people's lives,
we continue to engage across the entire health spectrum from prevention with vaccines to wellness, treatment, patient support & capacity
India Charitable Access Program is the country's longest running humanitarian program providing free treatment to people afflicted
with Lysosomal Storage Disorders. We conduct clinical trials here so that India can have quicker access to the latest from our global
pipeline. Our world-class manufacturing site in Goa produces for people in India and 60+ other countries. Recognized by the Top
Employers Institute' - a global authority that honours excellence in people practices - for 5 years in a row (since
2019), our local entities include Sanofi India Limited (SIL - listed entity) and Sanofi Healthcare India Pvt. Ltd. (SHIPL).
us at www.sanofi.in and www.sanofiindialtd.com, or connect with us on LinkedIn and Twitter.
are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve people's lives.
Our team, across some 100 countries, is dedicated to transforming the practice of medicine by working to turn the impossible into the
possible. We provide potentially life-changing treatment options and life-saving vaccine protection to millions of people globally, while
putting sustainability and social responsibility at the center of our ambitions.
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.