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Dr. Reddy’s enters into definitive agreement with Glenmark Pharmaceuticals

30 Nov 2020 Evaluate

Dr. Reddy’s Laboratories has entered into a definitive agreement with Glenmark Pharmaceuticals to acquire, subject to completion of certain precedent actions and closing activities, brands Momat Rino (for Russia, Kazakhstan and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), Glenspray and Glenspray Active (for Ukraine), along-with rights to the trademarks, dossiers and patents for the territories mentioned.

The acquired brands represent two types of products i.e mometasone mono product and combination of mometasone with azelastine, and are indicated for the treatment of Seasonal and Perennial Allergic Rhinitis.

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 Labs. Share Price

1341.80 -15.05 (-1.11%)
01-Jul-2026 12:51 View Price Chart
Peers
Company Name CMP
Sun Pharma. Inds. 1871.60
Dr. Reddys Labs. 1341.80
Cipla 1450.30
Zydus Lifesciences 1110.00
Lupin 2399.50
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