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Examples
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MUMBAI - Dr. Reddy's Laboratories Ltd. said Monday it has scrapped a proposed deal to buy local rival J.B. Chemicals & Pharmaceuticals Ltd.'s prescription products business in Russia and the Commonwealth of Independent States.
Dr Reddy's, JB Chemicals Scrap Proposed Russian Deal Gurdev Singh Virk of DOW JONES NEWSWIRES 2011
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The deal involved Dr. Reddy's buying 20 brands from J.B. Chemicals, the key ones being Metrogyl and Jocet, for $34.85 million.
Dr Reddy's, JB Chemicals Scrap Proposed Russian Deal Gurdev Singh Virk of DOW JONES NEWSWIRES 2011
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In a research note earlier this month, J.P. Morgan said recent legislative changes in Russia seeking to promote local manufacturers and impose price restrictions on so-called essential drugs could put pressure on Dr. Reddy's growth and profitability from the region.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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Mumbai- and New York-listed Dr. Reddy's has been steadily building its business in the region.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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Sales in Russia and the other Commonwealth of Independent States grew at the fastest rate after North America -- Dr. Reddy's biggest market -- in the previous quarter through June.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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BANGALORE -- Dr. Reddy's Laboratories Ltd. is open to buying more over-the-counter drug brands in Russia, as well as acquiring a Russian drug manufacturer in response to pharmaceutical policy changes.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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Russia is one of the fastest growing markets for Dr. Reddy's.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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Dr. Reddy's doesn't have a manufacturing facility in Russia and Mr. Vohra said recently that it is mulling the option of either setting up its own facility in Russia or acquiring one.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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Prescription, hospital and OTC drugs sales in the region rose 18% to 3.02 billion rupees $63.5 million in the period, accounting for 15% of Dr. Reddy's consolidated sales.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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He also said Dr. Reddy's is talking to the U.S. drug regulator to get it to lift the import ban on its Mexico plant for violating manufacturing rules.
Dr Reddy's May Buy Russian Drug Manufacturer Rumman Ahmed 2011
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