Dr. Reddy’s Laboratories to acquire branded generics business in India

Dr. Reddy’s Laboratories will acquire select divisions of Wockhardt Limited’s branded generics business in India, Nepal, Sri Lanka, Bhutan and Maldives.

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Dr. Reddy’s will acquire 62 brands across an array of specialties including neurology, dermatology, gastroenterology and pain management. The company will acquire all assets, including the sales and marketing teams and a manufacturing plant. Dr. Reddy’s expects the transaction to close in the first quarter of the 2020 fiscal year.

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