Moneycontrol
Apr 01, 2013 10:51 AM IST | Source: Reuters

Dr Reddy's shares gain on Zenatane launch

Shares in Dr.Reddy's Laboratories gain 2.1 percent after the company on Thursday said in a statement that it launched Zenatane, a generic version of Accutane drug, following its approval by the United States Food & Drug Administration.

Dr Reddy's shares gain on Zenatane launch

Shares in Dr.Reddy's Laboratories gain 2.1 percent after the company on Thursday said in a statement that it launched Zenatane, a generic version of Accutane drug, following its approval by the United States Food & Drug Administration.


The company added that the drug had USD 309 million in sales for the most recent twelve months ending January 2013, according to IMS Health.

"Assuming an incremental 20-25 percent price drop and 20 percent market share, this could be USD 50 million per year revenue opportunity for Dr.Reddy's," Morgan Stanley said in a report.

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