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  • Dr Reddy's Labs forays...

Dr Reddy's Labs forays into trade generics business in India with launch of new division

Ruchika SharmaWritten by Ruchika Sharma Published On 2023-06-24T14:31:48+05:30  |  Updated On 24 Jun 2023 2:31 PM IST
Dr Reddys Labs inks pact with Henlius for commercialization of multiple myeloma injection HLX15 in US, Europe
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Hyderabad: Dr. Reddy’s Laboratories Ltd., a global pharmaceutical company, has announced its entry into the trade generics business in India with the launch of its new dedicated division ‘RGenX’.

"Through this, Dr. Reddy’s aims to provide patients with access to a wider range of products and increased affordability," the company

The new business will further the company’s goal of reaching over 1.5 billion patients by 2030. Dr. Reddy’s aims to roll out its trade generics across cities and towns in India, including rural areas. The company will work closely with its channel partners to ensure availability of its products.

M.V. Ramana, Chief Executive Officer, India and Emerging Markets, said, “India is a key focus market for us. The announcement is a continuation of our effort to build a well-rounded business in India. We continue to strengthen our branded generics business in India by growing brands, new product launches, productivity enhancement through digital and analytics, and select strategic acquisitions. We are exploring strategic collaborations in India, and investing in innovative healthcare spaces that we see as future growth drivers. This foray into trade generics will add to our reach and depth by making high-quality medicines of Dr. Reddy’s accessible to more patients around the country in keeping with our purpose of ‘Good Health Can’t Wait’.

Read also: Dr Reddy's Labs gets CDSCO panel nod to manufacture, market Ferric Carboxymaltose Inj to treat iron deficiency
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 Reddys major markets include – USA, India, Russia & CIS countries, China, Brazil and Europe.
Read also: Revise Phase IV clinical trial protocol of Nimesulide Granules for oral suspension: CDSCO Panel Tells Dr Reddys
dr reddys labsdr reddys labs newsRGenX
Ruchika Sharma
Ruchika Sharma

    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

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