Dr. Reddy's Laboratories Ltd. reported 26% growth in revenue to INR48.01bn ($680m) for the second quarter of fiscal year 2019-20, buoyed by inflows from the sale of rights to two migraine assets, but performance in the US was dulled by several challenges.
One-offs Lift Dr Reddy’s In Q2, Eyes Gx Suboxone Opportunities
Indian Firm Stays Bullish On China, M&A On Agenda
One-offs aided Dr Reddy’s performance in the second quarter although US growth was flat amid challenges including the recall of ranitidine. But the Indian firm is enthused about fresh potential opportunities for generic Suboxone in the US in view of Indivior’s intent to discontinue its authorized generic.
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