Dr Reddy's Labs Switzerland incorporates new wholly-owned arm in Vietnam

Published On 2025-05-10 06:00 GMT   |   Update On 2025-05-10 06:00 GMT

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.

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"The company's business is healthcare and pharmaceutical products and general marketing, sales and promotion of medical devices and marketing and consulting of these products. The business of the Dr. Reddy's Laboratories (Vietnam) Company Limited is in line with the main line of business of the Company," Dr Reddys stated.

"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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