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Dr Reddy’s Wants To Break Into Top Five In India

Expects China Market Uptick, India Sputnik V Go-Ahead In March

 
• By Anju Ghangurde

Dr Reddy’s signals a sharp step up in ambitions at home, propelled by building leadership in 10 therapy segments and an “India-first” approach for specialty products. Uptick in the China business and the potential launch of a Russia-partnered COVID-19 vaccine were other aspects of the business discussed at JPM.

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Dr Reddy's Targets Place In India Top League • Source: Shutterstock

Dr. Reddy's Laboratories Ltd. is shifting gears and CEO Erez Israeli signaled at the J.P. Morgan Healthcare Conference the firm’s resolve to break into a top five ranking in the Indian market, while an uptick in China and the potential launch of its Russia-partnered COVID-19 vaccine are also expected to bolster overall momentum.

The acceleration in India will be led by a string of organic initiatives but management also made clear that M&A is not off the table. Dr Reddy’s last year snapped up Wockhardt Limited’s branded generics business in India and certain international territories, helping it to move a few notches up the ranks

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