Dr Reddy's Labs Switzerland incorporates wholly-owned subsidiary in Denmark

Written by Ruchika Sharma Published On 2024-10-07T16:55:45+05:30 | Updated On 7 Oct 2024 4:55 PM IST

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Hyderabad: Dr Reddy's Labs has announced that Dr Reddy's Laboratories SA, Switzerland, ("DRSA") a wholly-owned subsidiary of the Company has incorporated a new wholly-owned subsidiary in Denmark, named “Dr. Reddy's Denmark ApS” on October 4, 2024.

Accordingly, Dr. Reddy's Denmark ApS is a step-down wholly-owned subsidiary of the Company.

The new entity will focus on Production of any pharmaceutical and biotechnological products, the acquisition, use, purchase and sale of goods of all kinds and in particular of intellectual property rights and activities related hereto. The business of the Dr. Reddy's Denmark ApS is in line with the main line of business of the Company.

DRSA will be paying cash consideration to the Dr. Reddy's Denmark ApS towards subscription of 100% shareholding.

Dr. Reddy's Denmark ApS is yet to commence its business operations.

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: Dr Reddy's Labs arm Chirotech Technology dissolves

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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