Record Dr Reddy's US Launches In Q3 Set Tone For Earnings Pick Up?

Dr Reddy’s has had a record number of US launches in Q3 with potentially more in store and now a new US CEO to steer things through, improving outlook for a significant revival in earnings. But risks of delays and competition in certain key anticipated launches in 2019 could dull prospects.

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DR REDDY'S INTRODUCED RECORD NUMBER OF PRODUCTS IN US IN Q3 • Source: Shutterstock

Dr. Reddy's Laboratories Ltd.'s third quarter earnings have been generally staid, but a record number of generic launches in the US and management commentary of an overall uptrend alongside significant cost control measures could potentially enthuse investors.

The Hyderabad-based company launched 10 new products in Q3 in the US, including colesevalam, sevelamer sachet and unit dose, aspirin...

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