Dr Reddy's signs deal to divest certain non-core brands in dermatology to Eris Lifesciences

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

16 Mar 2023 Evaluate

Dr. Reddy's Laboratories has signed a deal to divest certain non-core brands of the company in the dermatology segments to Eris Lifesciences. Under the agreement, Eris Lifesciences will be assigned the trademark of these brands by Dr. Reddy’s for a consideration of Rs 275 crore. As per IQVIA MAT December 2022, the divested portfolio saw sales of Rs 60 crore in India.

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.

Peers

Company Name	CMP
Sun Pharma. Inds.	1842.55
Dr. Reddys Labs.	1151.45
Cipla	1353.95
Lupin	2066.50
Zydus Lifesciences	1110.90
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