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Dr. Reddy’s Laboratories’ arm declares sale, assignment of US rights to Encore Dermatology

02 Apr 2019 Evaluate

Dr. Reddy’s Laboratories through its wholly owned subsidiary -- Promius Pharma, LLC has declared the sale of its rights for SERNIVO (betamethasone dipropionate) Spray, 0.05% and assignment of its rights to market and distribute, PROMISES Topical Cream and TRIANEX 0.05% (Triamcinolone Acetonide Ointment, USP) in the United States, to Encore Dermatology.

Under the terms of the agreement, Promius Pharma is eligible to receive an upfront payment and future milestone payments contingent upon achievement of certain commercial objectives.

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

Dr. Reddys Lab Share Price

1279.70 -13.55 (-1.05%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1872.40
Dr. Reddys Lab 1279.70
Cipla 1304.70
Zydus Lifesciences 956.65
Lupin 2245.65
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