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Q.

Dr Reddy's Lab crossed its 52 weeks high today even in this falling market. What is the reason?

Tags: money, reddy, falling market
Asked by Good Citizen, 24 Nov '10 04:47 pm
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Answers (2)

 
1.

Yes . Pleasant news are coming up from the officials . This company launched Zafirlukast tablets, a bioequivalent generic version of Accolate, in the United State .

Today they announced that it has entered into an agreement with GlaxoSmithKline (GSK) for acquiring its oral penicillin facility. here is the word from Dr Reddy's Laboratories' global generics business president Abhijit Mukherjee."It allows us to enter the US penicillin-containing antibacterial market segment and serve the needs of our customers and patients through manufacturing capabilities that did not previously exist within Dr Reddy's,"

Dr Reddy's Laboratories' consolidated net profit surged 32% to Rs. 286.62 crore on 1.8% rise in net sales to Rs. 1870.37 crore in Q2 September 2010 over Q2 September 2009.

Source - Deccan Herald
Answered by Musfer, 24 Nov '10 04:54 pm

 
  
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2.

They have acquired some foreigh firm
Answered by veeravenkata satyanarayana, 24 Nov '10 04:49 pm

 
  
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