Business Standard had reported that several senior executives have been asked to resign amid Revlimid-linked margin strain, a claim that has been denied by the company.
The firm expects mid-single-digit price erosion in generic drugs and heightened competition for key medications, potentially impacting companies like Dr Reddy's Laboratories, Zydus, and Cipla.
Dr Reddy's Q2 results: Revenue rises 17% to Rs 8,106 crore
Dr Reddy’s will have to invest significantly to improve growth rates of the acquired brands in nicotine replacement therapy
A joint press release from the companies said the partnership will bring together the well-known global range of nutritional health solutions as well as vitamins, minerals, herbals and supplements of Nestle Health Science (NHSc) with the strong and established commercial strengths of Dr Reddy's in India.
Pharma sector to be in focus this week in F&O segment with strong long build up witnessed in stocks like Zydus Life, Lupin, Lauruslabs, Divislab, and Dr. Reddy's.
Ventura Securities has recommended hold rating on Dr Reddy Laboratories (DRL), in its February 21, 2013 research report. The research firm, expects company's performance in FY14 to remain muted and restricted to single digit growth.
Kronos implements its workforce management solution at Dr. Reddy's Laboratories.