Dr. Reddy's rises on entering into distribution pact with AstraZeneca Pharma

Dr. Reddys Laboratories Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 500124 | NSE: DRREDDY

01 Jun 2015 Evaluate

Dr. Reddys Laboratories is currently trading at Rs. 3547.40, up by 14.65 points or 0.41% from its previous closing of Rs. 3532.75 on the BSE.

The scrip opened at Rs. 3511.00 and has touched a high and low of Rs. 3559.20 and Rs. 3510.00 respectively. So far 3108 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3808.75 on 10-Apr-2015 and a 52 week low of Rs. 2293.00 on 05-Jun-2014.

Last one week high and low of the scrip stood at Rs. 3662.05 and Rs. 3492.65 respectively. The current market cap of the company is Rs. 60442.72 crore.

The promoters holding in the company stood at 25.48% while Institutions and Non-Institutions held 44.30% and 13.33% respectively.

Dr. Reddy's Laboratories has entered into a distribution agreement with AstraZeneca Pharma India (AZPIL) for Riax, a new brand of saxagliptin and Riax-M a fixed dose combination of saxagliptin with metformin. Both Riax and Riax M are trademarks of the AstraZeneca group. AZPIL already has two brands under the trademark Onglyza and Kombiglyze for saxagliptin and in fixed dose combination with metformin respectively, promoted and distributed in the Indian market.

Dr. Reddy’s Laboratories will be distributing Riax and Riax M in India. This partnership strengthens Dr. Reddy’s diabetes franchise in India. It enables AstraZeneca to expand usage of this molecule through wider reach to physicians and benefiting more number of diabetic patients.

Dr. Reddy’s is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the company offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, bio-similars, differentiated formulations and NCEs.

Dr. Reddys Lab Share Price

1281.55 -11.70 (-0.90%)

11-May-2026 09:28 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1845.00
Dr. Reddys Lab	1281.55
Cipla	1339.50
Zydus Lifesciences	932.80
Lupin	2282.00
View more..

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