‘Dr Reddy’s Lab not open for sale’

Hyderabad, July 22

Pharma major Dr Reddy’s Laboratories Ltd is not open for sale, according to Dr K. Anji Reddy, its Founder-Chairman.

“The promoters, the board of directors and the management team are fully committed to the vision of making Dr Reddy’s a global company providing access to affordable and innovative medicines and not for sale of the firm,” Dr Anji Reddy said while addressing the 24th Annual General Body (AGM) meeting of the company held here on Tuesday.

Open to JVs

“We however, are open to any kind of collaboration, partnership or alliance that would help realise our vision and in the process create greater share-holder value,” he said.

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