Dr Reddy’s Signals Reset In Europe

Benefits From New Launches And COVID-19

Dr Reddy’s enjoyed a strong showing in Europe in the fiscal fourth quarter amid a string of launches and a ramp-up in France, Italy and Spain, with the Indian firm anticipating continued momentum in the region by leveraging its global portfolio. The firm’s China growth strategy is 'still valid', management maintains.

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A new base has been reset in Europe for Dr Reddy's • Source: Shutterstock

Dr Reddy's Laboratories rang in a strong fiscal fourth quarter, buoyed in part by COVID-19-related stocking up in the US and a string of new product introductions there, but sharp gains in the Europe business stood out as well.

Revenues from the North America generics business rose 21% to INR18.1bn ($238m) during the fourth quarter of fiscal 2020 amid...

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