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Dr Reddy’s CEO: We’re In ‘Great Dialogue’ With The Innovation Industry In China

 
• By Anju Ghangurde

Dr Reddy’s is collaborating with innovator firms in China, Israel and the US largely in areas of unmet need, propelling its “Horizon-2” strategy that encompasses segments like biologics and cell and gene therapy, digital services and immuno-oncology NCEs, among others.

Dr Reddy's Taps External Innnovation • Source: Shutterstock

Dr Reddy’s appears to be treading a distinctive path in China, building its long-standing local operations there as well as partnering with Chinese companies to in-license and develop/commercialize key innovation assets for India and other markets.

Key Takeaways

  • Robust Q4FY23 For Dr Reddy’s
  • External collaborations see uptick

Not many Indian companies are known to in-license R&D assets from China, with Dr Reddy’s recently sealing a collaboration with Shanghai Junshi Biosciences Co., Ltd. to develop and commercialize the Chinese firm’s anti-PD-1 monoclonal antibody toripalimab in 21 countries. (Also see "Asia Deal Watch: Aditum Bio Launches Vitalli To Develop Daewoong Immunology Candidate" - Scrip, 12 May, 2023

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