Arab Today, arab today dr reddy’s inks 350m deal
Last Updated : GMT 12:19:39
Arab Today, arab today
Arab Today, arab today

Dr. Reddy’s inks $350m deal

Arab Today, arab today

Arab Today, arab today Dr. Reddy’s inks $350m deal

Dr. Reddy’s inks $350m deal
Mumbai - Arab Today

India’s second-largest drugmaker Dr. Reddy’s Laboratories Ltd. said it agreed to buy eight generic drugs from Teva Pharmaceutical Industries and Allergan Plc for $350 million in cash to bolster its US business.
The deal is among Dr. Reddy’s biggest acquisitions, and comes at a time when the company has been facing slowing growth in the US, its largest market, due to regulatory troubles and fewer new drug approvals. Some formerly lucrative emerging markets have also taken a hit over the past year, and caused the company’s March quarter profit to slump 86 percent.
The drugs Dr. Reddy’s is buying are being divested by Israel-based Teva, the world’s largest maker of generic drugs, to win US antitrust clearance for its $40.5 billion acquisition of Allergan’s generic drugs portfolio. The sale to Dr. Reddy’s puts Teva a step closer to closing the Allergan deal.
The deal consists of generic drugs awaiting US approval, and some that are already on the market, including “complex generic products across diverse dosage forms,” Dr. Reddy’s said in a statement. 
The branded versions of drugs under the deal had US sales of about $3.5 billion in the year to April 2016, the company said, citing health care research firm IMS Health.
Dr. Reddy’s said it plans to finance the deal with cash on hand and available borrowings under existing credit facilities.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dr reddy’s inks 350m deal Arab Today, arab today dr reddy’s inks 350m deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dr reddy’s inks 350m deal Arab Today, arab today dr reddy’s inks 350m deal

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday