pennews
www.pennews.net
Dr Reddy’s Laboratories announces acquisition of ANDA portfolio
Business

Dr Reddy’s Laboratories announces acquisition of ANDA portfolio

Agency News

Hyderabad, Apr 13 : Dr Reddy’s Laboratories Limited along with its subsidiaries together referred to as Dr Reddy’s announced on Saturday that it has entered into a definitive agreement to acquire a portfolio of 42 approved, non-marketed Abbreviated New Drug Applications (ANDAs) in the US.

The portfolio includes more than 30 generic injectable products. These products will require to be technology transferred and could be launched within the next one to two years. The value of total addressable market for these products in the US is approximately USD 645 million for the calendar year ending in December 2018 according to IQVIA, a company statement here said on Saturday.

Erez Israeli, Chief Operating Officer of Dr Reddy’s Laboratories, commented, “The acquisition is in line with our stated strategy to significantly enhance our portfolio in our chosen growth markets. This transaction will help augment our injectables product portfolio in the U.S. market and globally.” (UNI)