Dr Reddys acquires injectable product portfolio from Eton Pharma for Rs 391 crore

One strength each of Biorphen and Rezipres are currently commercially available in the U.S. The acquisition will complement Dr. Reddy's U.S. institutional business with limited competition injectable products.

Under the terms of the agreement, Dr. Reddy's acquired the Eton portfolio for an upfront payment of approximately $5 million in cash, plus contingent payments of up to $45 million.

"The acquisition supports Dr. Reddy's efforts to accelerate and expand affordable medications for patients," the company stated.

"Long before the COVID-19 pandemic, there have been concerns about access to some critical care products for hospitals and health systems. This acquisition provides our North America organization with a foundational footprint to help address products that are not always readily available for patients," says Marc Kikuchi, Chief Executive Officer, North America Generics, Dr. Reddy's.

"For these and many other reasons, I believe we are well-positioned to integrate the portfolio and grow the business."

The value of total addressable market for these products in the U.S. is approximately USD 174 million for the calendar year ending in April 2022 according to IQVIA.

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