Dr Reddy’s shines on settling case with Nordion

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

25 Mar 2013 Evaluate

Dr Reddy’s is currently trading at Rs. 1768.25, up by 16.30 points or 0.93% from its previous closing of Rs. 1751.95 on the BSE.

The scrip opened at Rs. 1785.00 and has touched a high and low of Rs. 1785.00 and Rs. 1739.40 respectively. So far 11,327 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1968.60 on 25-Jan-2013 and a 52 week low of Rs. 1528.00 on 19-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1845.35 and Rs. 1749.00 respectively. The current market cap of the company is Rs. 30,018 crore.

The promoters holding in the company stood at 25.56% while Institutions and Non-Institutions held 40.15% and 17.63% respectively.

Dr Reddy's Laboratories had settled its claims against Nordion Inc, headquartered in Ottawa Canada, in a case pending in the United States District Court for the District of New Jersey, for a cash payment of USD 22.5 Million by Nordion to Dr. Reddy's. The settlement was concluded on March 20, 2013, with the receipt of the settlement funds by Dr. Reddy's.

The company had brought the case in April 2009 seeking compensation for damages caused by Nordion Inc. for breaching a laboratory services agreement. The case arose after the USFDA cited MDS with violations of good laboratory practices which caused the USFDA not to accept, without further substantiation, MDS's laboratory reports performed during the period 2000-2004.

Dr Reddy's is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the company offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, bio-similars, differentiated formulations and NCEs.

Dr. Reddys Labs. Share Price

1376.30 26.30 (1.95%)

29-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma. Inds.	1872.60
Dr. Reddys Labs.	1376.30
Cipla	1453.50
Zydus Lifesciences	1121.65
Lupin	2407.45
View more..

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