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Dr. Reddy's Laboratories Limited American Depositary Shares - RDY STOCK NEWS

Welcome to our dedicated page for Dr. Reddy's Laboratories American Depositary Shares news (Ticker: RDY), a resource for investors and traders seeking the latest updates and insights on Dr. Reddy's Laboratories American Depositary Shares stock.

Dr. Reddy's Laboratories Limited (RDY) is a leading multinational pharmaceutical company headquartered in Hyderabad, Telangana, India. Founded by Kallam Anji Reddy, the company has grown to become one of the largest generic drug manufacturers globally. Dr. Reddy's offers a diverse product portfolio that includes not only generic medications but also injectables and active pharmaceutical ingredients (APIs).

Dr. Reddy's has a substantial footprint in North America, which accounts for approximately 50% of its generics sales. The company also serves markets in India (22% of generics sales), Russia (12%), and various European and Latin American countries. In North America, injectables constitute 25% of its sales, showcasing the company’s ability to innovate and meet various healthcare needs.

Within branded generic markets, particularly in India, Dr. Reddy's has secured a top-five position in critical therapeutic areas such as oncology and gastroenterology. The company’s strong brand reputation has empowered it to achieve significant success in these sectors.

Furthermore, Dr. Reddy's operates a robust API business, manufacturing over 150 APIs and distributing them in more than 75 countries worldwide. This extensive network highlights the company's commitment to quality and global health.

Dr. Reddy's continues to advance its mission through ongoing projects and innovations. Recent achievements, partnerships, and financial health indicators demonstrate a stable and growing enterprise. Investors keen to stay informed about the latest developments in Dr. Reddy's Laboratories can find up-to-date news from various sources, ensuring they remain well-informed on company performance and growth trajectories.

News
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Dr. Reddy’s Laboratories Ltd. announced its consolidated financial results for Q2 2023. Revenues increased by 29% YoY and 7% QoQ. Gross margin improved to 58.7%. Profit before tax increased by 26% YoY and 39% QoQ. Profit after tax increased by 18% YoY and 46% QoQ.
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Dr. Reddy’s Laboratories announced that its Biologics License Application for its proposed biosimilar rituximab candidate DRL_RI has been accepted for review by the USFDA, EMA, and MHRA. The company expects to bring more biosimilar products to meet patient needs.
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Dr. Reddy's tocilizumab biosimilar candidate, DRL_TC, successfully met its primary and secondary endpoints in a Phase I study. The study demonstrated pharmacokinetic equivalence, safety, and immunogenicity compared to reference products. Dr. Reddy's is now initiating a global Phase III study to compare efficacy, safety, tolerability, and immunogenicity with the reference product.
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Dr. Reddy’s Laboratories announced its financial results for Q4 and FY23. Q4 revenue was up 16% YoY and down 7% QoQ. Gross margin was 57.2%. EBITDA was 25.9% of revenues, up 26% YoY and down 17% QoQ. Profit before tax was up 434% YoY and down 19% QoQ. Profit after tax was up 996% YoY and down 23% QoQ.
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Coya Therapeutics announces positive clinical data for COYA 302 in ALS patients and upcoming presentation on COYA 301 in Alzheimer's Disease. The company also appoints new Chief Business Officer and enters into licensing agreements.
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Dr. Reddy's Laboratories launches generic version of Regadenoson Injection in the U.S. market
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Dr. Reddy's Laboratories Ltd. (NYSE: RDY) has launched Treprostinil Injection in the U.S., marking its introduction as a therapeutic equivalent generic version of Remodulin® (treprostinil) Injection, which has been approved by the U.S. Food and Drug Administration.

The drug is available in multiple vial strengths: 20 mg/20 mL, 50 mg/20 mL, 100 mg/20 mL, and 200 mg/20 mL. This strategic launch is positioned to enhance the company's portfolio in the cardiovascular treatment domain, reinforcing its commitment to providing affordable medicines.

For detailed prescribing information and additional insights into Dr. Reddy's offerings, please visit the company’s official website.

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Aditxt, Inc. (NASDAQ: ADTX) has signed an asset purchase agreement with Cellvera, granting Aditxt a 50% stake in Global Response Aid (GRA), a partnership with Agility. The deal involves a total transaction value of $24.5 million, which includes the forgiveness of a $14.5 million loan and $10 million in cash, alongside future royalties over seven years. This strategic acquisition aims to expand Aditxt’s capabilities in developing effective antiviral therapies, particularly focusing on the drug Avigan, which is licensed for use in multiple markets excluding Japan, China, and Russia. The agreement is contingent upon various approvals, including board and regulatory consents. Aditxt's CEO emphasizes that this acquisition is pivotal for driving future growth and addressing the rising demand for antiviral solutions.

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Coya Therapeutics (Nasdaq: COYA) reported its fiscal year 2022 results, highlighting key developments in its drug pipeline. The company achieved positive results in a clinical study of COYA 302 for ALS, showing halted disease progression over 6 months. Coya also entered into a worldwide agreement with Dr. Reddy's Laboratories (NYSE: RDY) to out-license its COYA 301 product candidate.

The company raised approximately $16.4 million from its IPO in January 2023, with cash and equivalents of $5.9 million as of December 31, 2022. However, Coya reported a net loss of $12.2 million for 2022, attributed to increased R&D and administrative expenses.

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Coya Therapeutics, Inc. (NASDAQ: COYA) has entered into a worldwide agreement with Dr. Reddy’s Laboratories (NYSE: RDY) to develop COYA 302, an investigational combination biologic for neurodegenerative diseases. This product consists of COYA 301 and CTLA4-Ig (Abatacept), targeting chronic inflammation. Coya retains exclusive rights for commercialization in North America, Europe, and Japan, while Dr. Reddy’s can commercialize outside these territories. Coya plans to file an IND in the second half of 2023, aiming for a phase 1b/2 trial in Amyotrophic Lateral Sclerosis (ALS) shortly thereafter. The partnership is expected to enhance Coya’s development efforts.

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FAQ

What is the current stock price of Dr. Reddy's Laboratories American Depositary Shares (RDY)?

The current stock price of Dr. Reddy's Laboratories American Depositary Shares (RDY) is $13.99 as of November 21, 2024.

What is the market cap of Dr. Reddy's Laboratories American Depositary Shares (RDY)?

The market cap of Dr. Reddy's Laboratories American Depositary Shares (RDY) is approximately 2.3B.

What does Dr. Reddy's Laboratories Limited specialize in?

Dr. Reddy's specializes in manufacturing generic medications, injectables, and active pharmaceutical ingredients (APIs).

Where is Dr. Reddy's Laboratories headquartered?

Dr. Reddy's Laboratories is headquartered in Hyderabad, Telangana, India.

Who founded Dr. Reddy's Laboratories?

Dr. Reddy's Laboratories was founded by Kallam Anji Reddy.

What percentage of Dr. Reddy's generics sales come from North America?

North America accounts for roughly 50% of Dr. Reddy's generics sales.

In which therapeutic areas has Dr. Reddy's established a strong presence in India?

Dr. Reddy's has a strong presence in oncology and gastroenterology in India.

How many active pharmaceutical ingredients (APIs) does Dr. Reddy's manufacture?

Dr. Reddy's manufactures over 150 APIs.

How many countries does Dr. Reddy's distribute its APIs to?

Dr. Reddy's distributes its APIs to more than 75 countries.

What significance do injectables have in Dr. Reddy's North America sales?

Injectables make up 25% of Dr. Reddy's North America sales.

What recent achievements has Dr. Reddy's Laboratories made?

Dr. Reddy's Laboratories has made significant recent achievements in product development and international partnerships.

How can investors stay updated on Dr. Reddy's latest developments?

Investors can stay updated on Dr. Reddy's latest developments by following news from credible sources and the company's announcements.

Dr. Reddy's Laboratories Limited American Depositary Shares

NYSE:RDY

RDY Rankings

RDY Stock Data

2.35B
833.05M
2.85%
1.28%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
Hyderabad