Dr. Reddys Laboratories Ltd.

Dr. Reddy’s Laboratories has entered into a confidential settlement agreement with Celgene for its Abbreviated New Drug Submissions (ANDS) related to a generic version of Revlimid brand capsules, (Lenalidomide) pending before Health Canada.

Pursuant to this confidential settlement, the parties agreed to discontinue all legal proceedings involving certain of Celgene’s Canadian patents related to Lenalidomide and the company’s ANDS for generic versions of Celgene's Lenalidomide capsules pending before Health Canada. Other terms of the agreement are confidential.

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.