Fiscal year 2019 may have marked a turnaround for Dr. Reddy's Laboratories Ltd. but the slow traction of some new products in the US and potential delays in launch timelines of certain other key products like generic Copaxone (glatiramer acetate injection) appear to have dulled investor sentiment, at least for now.
Product Delays Dull Dr Reddy’s Despite Upbeat Management
Dr Reddy’s had a generally positive Q4 but a slow ramp in some products in the US and potential delays in anticipated launches there are among the challenges that appear to have jaded investor outlook. Management commentary, though, was optimistic, with around 30 launches lined up for the US, a China/India thrust and M&A staying an important cog for growth.
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