Australian drug discovery and development company Alchemia Ltd has entered into an agreement for sale of exclusive intellectual property rights of fondaparinux sodium to Dr Reddy's Laboratories (DRL), for USD 17.5 million.
Dr Reddy’s Laboratories has received final approval from the US Food and Drugs Administration (FDA) to sell Fondaparinux Sodium injection, which is used for the treatment and prevention of deep vein thrombosis (DVT).
GV Prasad, Vice Chairman and CEO, Dr Reddys Laboratories in an interview with CNBC-TV18 spoke about the quarterly numbers of the company and the road ahead.