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Dr Reddy's Labs earmarks Rs 1,500 crore capex with focus on biosimilars, injectables
![Dr Reddys Labs earmarks Rs 1,500 crore capex with focus on biosimilars, injectables Dr Reddys Labs earmarks Rs 1,500 crore capex with focus on biosimilars, injectables](https://medicaldialogues.in/h-upload/2022/10/12/750x450_187731-dr-reddys-labs-new.webp)
New Delhi: Dr Reddy's Laboratories has earmarked a capex of around Rs 1,500 crore for FY23 with major part of it slated to go into building capacities for its biosimilar and injectable businesses, according to CFO Parag Agarwal. The Hyderabad-based drug major also plans to utilise the capital for adding capacities to existing plants, firm up R&D activities, and further invest in digitisation projects.
Read also: Dr. Reddy proposal to market antidiabetic FDC of Imeglimin and Vildagliptin rejected by CDSCO Panel
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751