Dr. Reddy';s Laboratories announces the launch of Bortezomib for Injection, 3.5 mg Single-Dose Vial in the U.S. Market

Rhea-AI Summary

Dr. Reddy’s Laboratories has launched Bortezomib for Injection 3.5 mg, a generic equivalent of Velcade®, in the U.S. market. This product is approved by the U.S. Food and Drug Administration. Velcade® and its generic versions garnered approximately $1.2 billion in U.S. sales for the year ending May 2022, according to IQVIA Health. The Bortezomib offering is available in a 3.5 mg per 10 mL single-dose vial for both subcutaneous and intravenous use.

Positive

• Launch of Bortezomib for Injection provides entry into a lucrative market.
• Expected market potential given the $1.2 billion U.S. sales of Velcade®.

Negative

• None.

HYDERABAD, India & PRINCETON, NJ--(BUSINESS WIRE)-- Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY, along with its subsidiaries together referred to as “Dr. Reddy’s”) today announced the launch of Bortezomib for Injection 3.5 mg, the generic equivalent of Velcade® (bortezomib) Injection, in the U.S. market approved by the U.S. Food and Drug Administration (USFDA).

The Velcade® Brand and generic had U.S. sales of approximately $1.2 billion MAT for the most recent twelve months ending in May 2022 according to IQVIA Health*.

Dr. Reddy’s Bortezomib for Injection is supplied in a 3.5 mg per 10 mL single-dose vial presentation for subcutaneous (SQ) or intravenous (IV) use.

Click here for full prescribing information: https://www.drreddys.com/pi/dr-reddy-bortezomib-3.5mg-iv-sc-vial-leaflet.pdf

Velcade is a trademark of Takeda Pharmaceuticals U.S.A., Inc.

*IQVIA Retail and Non-Retail MAT May 2022

RDY-0722-430

About Dr. Reddy’s: Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY) is an integrated pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Dr. Reddy’s offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, biosimilars and differentiated formulations. Our major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology. Dr. Reddy’s operates in markets across the globe. Our major markets include – USA, India, Russia & CIS countries, and Europe. For more information, log on to: www.drreddys.com

Disclaimer: This press release may include statements of future expectations and other forward-looking statements that are based on the management’s current views and assumptions and involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to without limitation, (i) general economic conditions such as performance of financial markets, credit defaults, currency exchange rates, interest rates, persistency levels and frequency / severity of insured loss events, (ii) mortality and morbidity levels and trends, (iii) changing levels of competition and general competitive factors, (iv) changes in laws and regulations and in the policies of central banks and/or governments, (v) the impact of acquisitions or reorganization, including related integration issues, and (vi) the susceptibility of our industry and the markets addressed by our, and our customers’, products and services to economic downturns as a result of natural disasters, epidemics, pandemics or other widespread illness, including coronavirus (or COVID-19), and (vii) other risks and uncertainties identified in our public filings with the Securities and Exchange Commission, including those listed under the "Risk Factors" and "Forward-Looking Statements" sections of our Annual Report on Form 20-F for the year ended March 31, 2022. The company assumes no obligation to update any information contained herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005417/en/

INVESTOR RELATIONS

AMIT AGARWAL

amita@drreddys.com

MEDIA RELATIONS

USHA IYER

USHAIYER@DRREDDYS.COM

Source: Dr. Reddy’s Laboratories Ltd.

FAQ

What new product did Dr. Reddy's launch?

Dr. Reddy's launched Bortezomib for Injection 3.5 mg, a generic equivalent of Velcade®.

When was Bortezomib for Injection launched by Dr. Reddy's?

Bortezomib for Injection was launched on July 27, 2022.

What are the sales figures for Velcade®?

Velcade® had approximately $1.2 billion in U.S. sales for the year ending May 2022.

What is the approval status of Bortezomib for Injection?

Bortezomib for Injection is approved by the U.S. Food and Drug Administration.

What are the available uses for Bortezomib for Injection?

Bortezomib for Injection can be used subcutaneously or intravenously.