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Dr. Reddy’s rises on entering into strategic collaboration with TR-Pharm

14 Mar 2016 Evaluate

Dr. Reddys Laboratories is currently trading at Rs. 3230.00, up by 18.10 points or 0.56% from its previous closing of Rs. 3211.90 on the BSE.

The scrip opened at Rs. 3230.00 and has touched a high and low of Rs. 3247.00 and Rs. 3197.00 respectively. So far 24110 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4382.95 on 20-Oct-2015 and a 52 week low of Rs. 2750.00 on 21-Jan-2016.

Last one week high and low of the scrip stood at Rs. 3273.90 and Rs. 3163.50 respectively. The current market cap of the company is Rs. 55277.73 crore.

The promoters holding in the company stood at 31.21% while Institutions and Non-Institutions held 53.10% and 15.68% respectively.

Dr. Reddy's has entered into strategic collaboration with TR-Pharm, involving 3 biosimilar products. A total of three products will be registered and subsequently commercialized as a part of this agreement by TR-Pharm in Turkey. TR-Pharm will also manufacture the drug substance and drug product upon completion of its facility investment.

TR-Pharm has begun laying out the groundwork for the technology transfer. This collaboration will be an important component of TR-Pharm’s ongoing biological product development and manufacturing business in the region. The partnership will also enable Dr. Reddy's to widen the global footprint of its biosimilar business.

Dr. Reddy's Laboratories, is a multinational pharmaceutical company based in Hyderabad, Telangana in India. Dr. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas.

Dr. Reddys Lab Share Price

1293.25 -13.55 (-1.04%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1847.30
Dr. Reddys Lab 1293.25
Cipla 1347.70
Zydus Lifesciences 938.90
Lupin 2377.90
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