Dr Reddy's Labs Russian arm collaborate Novartis Pharma for anti-diabetes products
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Hyderabad: Through a recent BSE filing, Dr Reddy's Laboratories has informed that Dr Reddy's Laboratories LLC, Russia, a step down wholly owned subsidiary of the Company has entered into a distribution agreement with Novartis Pharma LLC to sale and distribute the anti-diabetes products - Galvus and Galvus Met.
Galvus and Galvus Met are the leading brands among Dipeptidyl Peptidase-4 (DPP4) molecules having combined sales of approx. Rs 2530 million (approx. USD 30 million) as per IQVIA Moving Annual Total (MAT) March 2024, retail market, in Russia.
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