Dr Reddy's Labs Switzerland incorporates new wholly-owned arm in Vietnam
Hyderabad: Dr Reddy's Laboratories Limited has informed in a BSE filing that Dr Reddy's Laboratories SA, Switzerland, a wholly owned subsidiary of the company, has incorporated a new wholly-owned subsidiary in Vietnam, named “Dr. Reddy's Laboratories (Vietnam) Company Limited”.
Accordingly, Dr. Reddy's Laboratories (Vietnam) Company Limited became a step-down wholly-owned subsidiary of the Company.
"Dr. Reddy's Laboratories (Vietnam) Company Limited is incorporated in Vietnam and is yet to commence its business operations," the Company added.
In December last year, Medical Dialogues reported that Dr Reddy's Laboratories SA, Switzerland, had also incorporated a wholly-owned subsidiary in Finland, named “Dr. Reddy's Finland Oy”.
Read also: Dr Reddy's Labs Switzerland incorporates new wholly-owned subsidiary in Finland
Established in 1984, Dr. Reddy’s Laboratories Ltd. is a global pharmaceutical company headquartered in Hyderabad, India. The Company offers a portfolio of products and services including APIs, generics, branded generics, biosimilars and OTC. Its major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology. Dr Reddy's Labs major markets include – USA, India, Russia & CIS countries, China, Brazil and Europe.
Read also: CDSCO Panel Approves Dr Reddy's Laboratories Protocol Amendment Proposal to study Abatacept
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