Dr. Reddy's Laboratories gains on entering into definitive agreement with Citius Pharmaceuticals

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

06 Sep 2021 Evaluate

Dr. Reddy’s Laboratories is currently trading at Rs. 4923.60, up by 24.15 points or 0.49% from its previous closing of Rs. 4899.45 on the BSE.

The scrip opened at Rs. 4930.00 and has touched a high and low of Rs. 4944.45 and Rs. 4871.10 respectively. So far 0.56 lakh shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5,613.65 on 07-Jul-2021 and a 52 week low of Rs. 4,135.90 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 4944.45 and Rs. 4576.75 respectively. The current market cap of the company is Rs. 81,971.96 crore.

The promoters holding in the company stood at 26.73%, while Institutions and Non-Institutions held 44.78% and 28.49% respectively.

Dr. Reddy's Laboratories has entered into a definitive agreement with Citius Pharmaceuticals, Inc. (Citius) pursuant to which it sold all of its rights to E7777 (an engineered IL-2-diphtheria toxin fusion protein) and certain related assets.

Under the terms of agreement, Dr. Reddy's will receive $40 million upfront upon the closing of the transaction, followed by approval milestone payment of up to $40 million related to the CTCL (cutaneous T-cell lymphoma) indication approval and up to $70 million for additional indication approvals. Further, Dr. Reddy's will receive certain sales-based milestones and tiered earn-out payments.

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

1295.00 1.75 (0.14%)

11-May-2026 13:50 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1872.20
Dr. Reddys Lab	1295.00
Cipla	1322.70
Zydus Lifesciences	948.00
Lupin	2278.00
View more..

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