Having won a legal tussle, Dr Reddy's Laboratories on Thursday finally launched its generic Allegra tablets, Fexofenadine HCl, in the US market. DRL will market the over-the-counter product under store brand labels in the US market.
Number 2 drugmaker Dr Reddy's Laboratories Ltd said a US district court has cleared the sale of its generic version of Sanofi-Aventis' allergy treatment drug Allegra D24. Sriram Rathi, Anand Rathi Financial Services says it is definitely a positive news for Dr Reddy’s.
Number 2 drugmaker Dr Reddy's Laboratories Ltd said on Monday a US district court has cleared the sale of its generic version of Sanofi-Aventis' allergy treatment drug Allegra D24.
Dr Reddys Laboratories has got US court approval to sell Allegra D24, quoting NewsWire18, reports CNBC-TV18. It touched an intraday high of Rs 1,624 and an intraday low of Rs 1,585.05. At 09:24 hrs the share was quoting at Rs 1,624, up Rs 57.80, or 3.69%.