Dr Reddy’s Laboratories has won contracts for supply of seven active pharmaceutical ingredients (APIs) to Germany. Out of the 44 bids for the over $3.5 billion sick fund tender in Germany, whose results were declared, Dr Reddy’s won seven bids. Dr Reddy’s had bid for 33 drugs, according to sources in the company.
The tender, the first Europe-wide tender by Germany’s largest health insurance fund Allgemeine Ortskrankenkasse (AOK), is for generic procurement contracts for 64 APIs. The Hyderabad-based pharma major had put in its bid for 48 out of the 64 generic APIs. It is still in the race for the balance 20 bids, with 15 of its own.