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{{short description|Indian multinational pharmaceutical company}}
{{Redirect|RDY|the radar system|Radar Doppler Multitarget}}
{{EngvarB|date=June 2021}}
{{Use dmy dates|date=June 2021}}
{{Infobox company
| name = Dr. Reddy’s Laboratories Ltd
| logo = Dr. Reddy's Laboratories logo.svg
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{NSE|DRREDDY}} {{BSE|500124}} {{NYSE|RDY}} [[NIFTY 50|NSE NIFTY 50 Constituent]]
| foundation = {{Start date and age|1984|p=y}}
| founders = [[Kallam Anji Reddy]]
| location = [[Hyderabad (India)|Hyderabad]], [[Telangana]], India
| area_served = Worldwide
| key_people = [[G. V. Prasad]] ([[Vice Chairman|Co-Chairman]] & [[Managing Director|MD]]) [[Kallam Satish Reddy]] ([[Chairman]]) Erez Israeli ([[Chief Executive Officer|CEO]])
| ISIN = INE089A01023
| industry = [[Pharmaceutical industry|Pharmaceuticals]]
| products = [[Pharmaceutical]]s, [[generic drug]]s, [[over-the-counter drug]]s, [[vaccine]]s, [[Medical diagnosis|diagnostics]], [[contact lens]]es, [[Veterinary medicine|animal health]]
| revenue = {{Increase}} {{INRConvert|17460|c|lk=on}} (2020)<ref name=6-K>{{cite web|url=https://www.drreddys.com/media/884823/annualreport2020forwebsite.pdf|title=Dr.Reddy's Laboratories Ltd Results}}</ref>
| operating_income = {{profit}} {{INRConvert|1599|c}} (2020)<ref name=6-K/>
| net_income = {{Increase}} {{INRConvert|1950|c}} (2020)<ref name=6-K/>
| assets = {{Increase}} {{INRConvert|23156|c}} (2020)<ref name=6-K/>
| equity = {{Increase}} {{INRConvert|15499|c}} (2020)<ref name=6-K/>
| num_employees = 21,650 (March 2020)<ref name=6-K/>
| parent =
| subsid =
| homepage = {{URL|http://www.drreddys.com/}}
| footnotes =
}}

'''Dr. Reddy's Laboratories''' is an Indian multinational [[Pharmaceutical industry|pharmaceutical]] company located in [[Hyderabad]], [[Telangana]], India. The company was founded by Anji Reddy, who previously worked in the mentor institute [[Indian Drugs and Pharmaceuticals Limited]].<ref>{{cite web|url=http://www.drreddys.com/media/pdf/HBL-Pharmas-Free-Radical-mar-23.pdf |title=Archived copy |access-date=24 May 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140525200953/http://www.drreddys.com/media/pdf/HBL-Pharmas-Free-Radical-mar-23.pdf |archive-date=25 May 2014}}</ref> Dr. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 [[active pharmaceutical ingredient]]s (APIs) for drug manufacture, diagnostic kits, [[Intensive care medicine|critical care]], and [[biotechnology]] products.

Dr. Reddy's began as a supplier to Indian drug manufacturers, but it soon started exporting to other less-regulated markets that had the advantage of not having to spend time and money on a [[Factory|manufacturing plant]] that would gain approval from a drug licensing body such as the [[Food and Drug Administration (United States)|U.S. Food and Drug Administration]] (FDA). By the early 1990s, the expanded scale and profitability from these unregulated markets enabled the company to begin focusing on getting approval from drug regulators for their formulations and bulk drug manufacturing plants - in more-developed economies. This allowed their movement into regulated markets such as the US and [[Europe]]. In 2014, Dr. Reddy Laboratories was listed among 1200 of India's most trusted brands according to the [[The Brand Trust Report|Brand Trust Report]] 2014, a study conducted by Trust Research Advisory, a brand analytics company.<ref>{{Cite web|url=http://www.trustadvisory.info/allindia_2014.html |title=India's Most Trusted Brands 2014 |url-status=dead |archive-url=https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html |archive-date=2 May 2015}}</ref>

By 2007, Dr. Reddy's had seven FDA plants producing active pharmaceutical ingredients in India and seven FDA-inspected and [[ISO 9001]] (quality) and [[ISO 14001]] (environmental management) certified plants making patient-ready medications – five of them in India and two in the UK.<ref>[http://www.marketreports.com/TOC-SP/Visiongain/DrReddy.pdf/ '' Dr Reddy's Laboratories 2007-2012'' – MarketReports.com 2007 life sciences research report, Technology Networks, Sudbury, Essex, UK] {{webarchive |url=https://web.archive.org/web/20100119165358/http://www.marketreports.com/TOC-SP/Visiongain/DrReddy.pdf/ |date=19 January 2010 }}.Accessed: 22 August 2007.</ref>

In 2010, the family-controlled Dr Reddy's denied<ref>[https://www.reuters.com/finance/stocks/keyDevelopments?symbol=REDYf.NS&pn=2 ''Dr. Reddy's Laboratories Limited Says Not To Sell Any Business-DJ'', Reuters news agency, 23 March 2010]{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}.Accessed 2 October 2010.</ref> that it was in talks to sell its [[generic drug|generics business]] in India to US pharmaceutical giant [[Pfizer]],<ref>[http://profit.ndtv.com/news/show/pfizer-in-talks-to-buy-drls-formulations-business-in-india-27175 ''Pfizer in talks to buy DRL’s formulations business in India'', NDTV, New Delhi, 23 February 2010].Accessed 2 October 2010.</ref> which had been suing the company for alleged patent infringement after Dr Reddy's announced that it intended to produce a generic version of [[atorvastatin]], marketed by Pfizer as [[Lipitor]], an anti-[[cholesterol]] medication.<ref>[http://www.business-standard.com/india/news/dr-reddy%5Cs-develops-generic-versionpfizer%5Cs-lipitor/375630/ ''Dr Reddy's develops generic version of Pfizer's Lipitor'', Business Standard, New Delhi and Mumbai, 7 November 2009].Accessed 2 October 2010.</ref><ref>[http://www.stockwatch.in/pfizer-sues-dr-reddy-s-over-cholesterol-drug-lipitor-24251 ''Pfizer Sues Dr Reddy’s Over Cholesterol Drug ‘Lipitor’ '', Stock Watch, Mumbai, 12 November 2009].Accessed 2 October 2010.</ref> Reddy's was already linked to UK pharmaceuticals multinational [[Glaxo Smithkline]].<ref>[http://pharmtech.findpharma.com/pharmtech/Manufacturing/AstraZeneca-Partners-with-Indias-Torrent-Pharmaceu/ArticleStandard/Article/detail/661513 ''AstraZeneca Partners with India's Torrent Pharmaceuticals'', Pharmaceutical Technology, Iselin, NJ and Chester UK] {{webarchive |url=https://web.archive.org/web/20110711003329/http://pharmtech.findpharma.com/pharmtech/Manufacturing/AstraZeneca-Partners-with-Indias-Torrent-Pharmaceu/ArticleStandard/Article/detail/661513 |date=11 July 2011 }}.Accessed 2 October 2010.</ref>

==Company history==
{{More citations needed section|date=December 2018}}
Dr. Reddy's originally launched in 1984 producing [[active pharmaceutical ingredients]]. In 1986, Reddy's started operations on branded formulations. Within a year Reddy's had launched Norilet, the company's first recognised brand in India. Soon, Dr. Reddy's obtained another success with Omez, its branded [[omeprazole]] – ulcer and reflux oesophagitis medication – launched at half the price of other brands on the Indian market at that time. This is now branched in Hyderabad

Within a year, Reddy's became the first Indian company to export the active ingredients for pharmaceuticals to Europe. In 1987, Reddy's started to transform itself from a supplier of pharmaceutical ingredients to other manufacturers into a manufacturer of pharmaceutical products.

===International expansion===
The company's first international move took it to [[Russia]] in 1992. There, Dr. Reddy's formed a joint venture with the country's biggest pharmaceuticals producer, [[Biomed]]. They pulled out in 1995 amid accusations of scandal, involving "a significant material loss due to the activities of Moscow's branch of Reddy's Labs with the help of Biomed's chief executive".<ref>[http://english.pravda.ru/russia/economics/08-02-2005/7711-0/ ''Dr. Reddy's Laboratories will no longer produce its medicines in Russia'' – Pravda.ru 8 February 2005].Accessed: 28 November 2011.</ref> Reddy's sold the joint venture to the Kremlin-friendly Sistema group.
In 1993, Reddy's entered into a joint venture in the [[Middle East]] and created two formulation units there and in Russia. Reddy's exported bulk drugs to these formulation units, which then converted them into finished products. In 1994, Reddy's started targeting the US generic market by building state of art manufacturing facility.{{Citation needed|date=September 2013}}

===New drug discovery===
[[File:Dr. Reddys Finished Dosage Facility III.jpg|right|thumb|250px|Biopharma Finished Dosage Unit III in Hyderabad]]
[[File:Dr reddys formulation units.jpg|right|thumb|250px|Biopharma Finished Dosage Unit I in Hyderabad]]
Reddy's path into new drug discovery involved targeting speciality generics products in western markets to create a foundation for drug discovery. Development of speciality generics was an important step for the company's growing interest in the development of new chemical entities. The elements involved in creating a speciality generic, such as innovation in the laboratory, developing the compound, and sending the sales team to the market, are also stages in the development of a new speciality drug. Starting with speciality generics allowed the company to gain experience with those steps before moving on to creating brand-new drugs.

Reddy's invested heavily in establishing R&D labs and is the only Indian company to have significant R&D being undertaken overseas. Dr. Reddy's Research Foundation was established in 1992 and in order to do research in the area of new drug discovery. At first, the foundation's drug research strategy revolved around searching for analogues. Focus has since changed to innovative R&D, hiring new scientists, especially Indian students studying abroad on doctoral and post-doctoral courses. In 2000, the Foundation set up an American laboratory in [[Atlanta]], dedicated to discovery and design of novel therapeutics. The laboratory is called Reddy US Therapeutics Inc (RUSTI) and its main aim is the discovery of next-generation drugs using [[genomics]] and [[proteomics]]. Reddy's research thrust focused on large niche areas in western markets – anti-[[cancer]], anti-[[diabetes]], [[cardiovascular]] and anti-infection drugs.{{Citation needed|date=September 2013}}

Reddy's international marketing successes were built on a strong manufacturing base which itself was a result of [[inorganic growth]] through acquisition of international and national facilities. Reddy's merged Cheminor Drug Limited (CDL) with the primary aim of supplying active pharmaceutical ingredients to the technically demanding markets of [[North America]] and [[Europe]]. This merger also gave Reddy's an entry into the value-added generics business in the regulated markets of APIs.
<APIs in medicine/>

===Expansion and acquisition===

By 1997, Reddy's made the transition from being an API and bulk drug supplier to regulated markets like the US and the UK, and a branded formulations supplier in unregulated markets like India and Russia, into producing generics, by filing an [[Abbreviated New Drug Application]] (ANDA) in the USA. The same year, Reddy's out-licensed a molecule for [[clinical trial]]s to [[Novo Nordisk]], a [[Denmark|Danish]] pharmaceutical company.

It strengthened its Indian manufacturing operations by acquiring American Remedies Ltd. in 1999. This acquisition made Reddy's the third largest pharmaceutical company in India, after [[Ranbaxy]] and [[Glaxo]] (I) Ltd., with a full spectrum of pharmaceutical products, which included bulk drugs, intermediates, finished dosages, chemical synthesis, diagnostics and biotechnology.{{Citation needed|date=September 2013}}

Reddy's also started exploiting Para 4 filing as a strategy in bringing new drugs to the market at a faster pace. In 1999 it submitted a Para 4 application for [[omeprazole]], the drug that had been the cornerstone of its success in India. In December 2000, Reddy's had undertaken its first commercial launch of a generic product in the US, and its first product with market exclusivity was launched there in August 2001. The same year, it also became the first non-Japanese pharmaceutical company from the [[Asia-Pacific]] region to obtain a [[New York Stock Exchange]] listing, ground-breaking achievements for the Indian pharmaceutical industry.{{Citation needed|date=September 2013}}

In 2001 Reddy's became the first Indian company to launch the generic drug, [[fluoxetine]] (a generic version of [[Eli Lilly and Company]]’s [[Prozac]]) with 180-day market exclusivity in the USA. Prozac had sales in excess of $1 billion per year in the late 1990s. [[Barr Laboratories]] of the U.S. obtained exclusivity for all of the approved dosage forms (10 mg, 20 mg) except one (40 mg), which was obtained by Reddy's. Lilly had numerous other patents surrounding the drug compound and had already enjoyed a long period of patent protection. The case to allow generic sales was heard twice by the [[United States Court of Appeals for the Federal Circuit|Federal Circuit Court]], and Reddy's won both hearings. Reddy's generated nearly $70 million in revenue during the initial six-month exclusivity period. With such high returns at stake, Reddy's was gambling on the success of the litigation; failure to win the case could have cost them millions of dollars, depending on the length of the trial.

The fluoxetine marketing success was followed by the American launch of Reddy's house-branded [[ibuprofen]] tablets in 400, 600 and 800 mg strengths, in January 2003. [[Direct marketing]] under the Reddy's brand name represented a significant step in the company's efforts to build a strong and sustainable US generic business. It was the first step in building Reddy's fully-fledged distribution network in the US market.{{Citation needed|date=September 2013}}

In 2015, Dr. Reddy's Laboratories bought the established brands of Belgian drugmaker UCB SA in South Asia for 8 billion rupees ($128.38 million).<ref>{{cite web|url=http://in.reuters.com/article/ucb-sa-dr-reddys-deals-idINKBN0MS3HK20150401|title=Dr Reddy's to buy some UCB brands for $128 million|first=Reuters|last=Editorial|website=reuters.com}}</ref> Dr. Reddy's Laboratories also signed a licensing pact with XenoPort for their experimental treatment to treat plaque [[psoriasis]]. As per the agreement, Dr. Reddy's will be granted exclusive US rights to develop and commercialise XP23829 for all indications for an upfront payment of $47.5 million.<ref>{{cite web|url=http://www.livemint.com/Companies/bc0RFQvlEnfo3oUy8DqAWM/Dr-Reddys-enters-into-inlicensing-pact-with-USbased-XenoP.html|title=Dr Reddy’s enters into licensing pact with US-based XenoPort|first=Viswanath|last=Pilla|date=28 March 2016|website=livemint.com}}</ref>

===American IPO and expansion into Europe===

In 2001 Reddy's completed its US [[initial public offering]] of $132.8 million, secured by [[American Depositary Receipt]]s. At that time the company also became listed on the [[New York Stock Exchange]]. Funds raised from the initial public offering helped Reddy's move into international production and take over technology-based companies.

In 2002, Reddy's started its [[Europe]]an operations by acquiring two pharmaceutical firms in the United Kingdom. The acquisition of BMS Laboratories and its wholly owned subsidiary, Meridian UK, allowed Reddy's to expand geographically into the European market. In 2003 Reddy's also invested $5.25 million (USD) in [[Ownership equity|equity capital]] into [[Biotechnology|Bio Sciences]] Ltd.

Auriegene Discovery Technologies, a contract research company, was established as a fully owned subsidiary of Reddy's in 2002. Auriegene's objective was to gain experience in drug discovery through contract research for other pharmaceutical companies. Reddy's entered into a venture investment agreement with [[ICICI Bank]], an established Indian banking company. Under the terms of the agreement, ICICI Venture agreed to fund the development, registration and legal costs related to the commercialisation of ANDAs on a pre-determined basis. Upon commercialisation of these products, Dr. Reddy's pays ICICI Venture royalty on net sales for a period of 5 years.

===Global expansion===

The company elected to expand globally, and acquired other entities. In March 2002, Dr. Reddy's acquired BMS Laboratories, [[Beverley]], and its wholly owned subsidiary Meridian Healthcare, for 14.81 million [[Euro]]s. These companies deal in oral solids, liquids and packaging, with manufacturing facilities in [[London]] and [[Beverley]] in the UK. Recently, Dr. Reddy's entered into an R&D and commercialisation agreement with Argenta Discovery Ltd., a private drug development company based in the UK, for the treatment of chronic obstructive pulmonary disease (COPD).

Dr. Reddy's entered into a 10-year agreement with Rheoscience A/S of [[Denmark]] for the joint development and commercialisation of Balaglitazone (DRF-2593), a molecule for the treatment of type-2 [[diabetes]]. Rheoscience holds this product's marketing rights for the [[European Union]] and China, while the rights for the US and the rest of the world will be held by Dr. Reddy's. Dr. Reddy's conducted clinical trials of its cardiovascular drug RUS 3108 in [[Belfast]], [[Northern Ireland]], in 2005. The trials were conducted to study the safety and the pharmacokinetic profiles of the drug, which is intended for the treatment of atherosclerosis, a major cause of cardiovascular disorders.

Dr. Reddy's entered into a marketing agreement with Eurodrug Laboratories, a pharmaceutical company based in [[Netherlands]], for improving its product portfolio for respiratory diseases. It introduced a second-generation xanthine bronchodilator, Doxofylline, which is used for the treatment of [[asthma]] and COPD patients.

In 2004, Reddy's acquired Trigenesis Therapeutics Inc; a US-based private dermatology company. This acquisition gave Reddy's access to proprietary products and technologies in the [[dermatology]] sector.

Dr. Reddy's Para 4 application strategy for generic business received a severe setback when Reddy's lost the patent challenge in the case of [[Pfizer]]’s drug [[Norvasc]] ([[amlodipine maleate]]), a drug indicated for the treatment of [[hypertension]] and [[Angina pectoris|angina]]. The cost involved in patent litigation as well as the unexpected loss of the patent challenge affected Reddy’s plans to start speciality business in the US generic markets.

In March 2006, Dr. Reddy’s acquired Betapharm Arzneimittel GmbH from [[3i]] for 480 million Euros. This is one of the largest-ever foreign acquisitions by an Indian pharmaceutical company. Betapharm is Germany’s fourth-largest generics pharmaceutical company, with a 3.5% [[market share]], including 150 active pharmaceutical ingredients.

Reddy’s has promoted India’s first integrated drug development company Perlecan Pharma Pvt Ltd together with ICICI ventures capital fund management company Ltd and [[Citigroup]] [[Venture capital|Venture Capital]] International growth partnership [[Mauritius]] Ltd. The combined entity will undertake clinical development and out-licensing of [[new chemical entity]] assets.

Dr. Reddy's is presently licensed by [[Merck & Co.]] to sell an authorised generic version of the popular drug [[simvastatin]] ([[Zocor]]) in the USA. Since Dr. Reddy's has a licence from Merck, it was not subject to the exclusivity period on generic simvastatin.<ref>[http://genericdrugslist.com/reddys-receive-rights Dr. Reddy’s receives exclusive rights for Zocor] {{webarchive |url=https://web.archive.org/web/20060222232741/http://genericdrugslist.com/reddys-receive-rights |date=22 February 2006 }}</ref>

As of 2006, Dr. Reddy’s Laboratories exceeded $500 million USD in revenues, flowing from their APIs, branded formulations and generics segments; the former two segments account for almost 75% of revenues. Dr. Reddy's deals in and manages all the processes, from the development of the API to the submission of finished dosage dossiers to the regulatory agencies.

In September 2020, the company partnered with the [[Ministry of Health of the Russian Federation|Russian Direct Investment Fund]] to conduct phase 3 trials of the [[Sputnik V vaccine|Sputnik V]] [[COVID-19 vaccine]] in India, and manufacture and distribute up to 100 million doses of the vaccine in India via its subsidiary Hetero Biopharma once approved by the [[Drugs Controller General of India|Drugs Controller General]] (DCGI).<ref>{{cite news|date=16 September 2020|title=Russia’s sovereign wealth fund partners with Dr Reddy’s for trials and distribution of Sputnik V vaccine in India|language=en|work=Hindustan Times|url=https://www.hindustantimes.com/india-news/russia-s-sovereign-wealth-fund-partners-with-dr-reddy-s-for-trials-and-distribution-of-sputnik-v-vaccine-in-india/story-SPPpdsi7Bzd6mnA2rhZqRN.html}}</ref><ref>{{cite news|date=16 September 2020|title=Russia inks pact to test, supply Sputnik V vaccine to India|language=en-IN|work=The Hindu|url=https://www.thehindu.com/sci-tech/health/russia-inks-pact-to-test-supply-sputnik-v-vaccine-to-india/article32624204.ece}}</ref> The vaccine moved to late-stage trials in January 2021,<ref name="reuters-20210111">{{cite news|last1=Ahmed|first1=Aftab|last2=Kumar|first2=Anuron Mitra|date=11 January 2021|title=Russia's Sputnik V vaccine found safe in India mid-stage trial - Dr.Reddy's|publisher=Reuters|url=https://www.reuters.com/article/health-coronavirus-india-vaccine-idUSL4N2JM2XA|access-date=26 January 2021}}</ref> and was approved for emergency use on 12 April 2021 after phase 3 trials concluded with results comparable to the late-stage trial in Russia.<ref>{{cite news|last1=Das|first1=Nigam Prusty, Krishna N.|date=12 April 2021|title=Indian panel gives emergency approval for Russia's Sputnik V vaccine|language=en|work=Reuters|url=https://www.reuters.com/article/health-coronavirus-india-vaccine/india-approves-russias-sputnik-v-covid-19-vaccine-economic-times-idUSKBN2BZ11Y}}</ref><ref>{{cite news|date=13 April 2021|title=India says its safety study of Sputnik V vaccine comparable to Russian trial|work=Reuters|url=https://www.reuters.com/article/idUSFWN2M517R}}</ref>

==Patient-centric initiatives==
In September 2016, Dr. Reddy’s launched “Purple Health” in India, a patient centric platform to deliver solutions that address unmet needs of patients.<ref>{{cite web|url=http://health.economictimes.indiatimes.com/news/pharma/dr-reddys-launches-purple-health/53962738|title=Dr. Reddy’s launches patient-centric Purple Health initiative - ET HealthWorld|last=www.ETHealthworld.com|website=ETHealthworld.com}}</ref> Purple Health will address unmet needs of patients involving four segments: awareness, access (access to medication), adherence (adherence to therapy) and experience (simplified medication experience).<ref name="timesofindia.indiatimes.com">{{cite web|url=http://timesofindia.indiatimes.com/Business/India-Business/Dr-Reddys-launches-patient-friendly-packaging-on-certain-medicines/articleshow/53967168.cms|title=Dr Reddy's launches 'patient-friendly' packaging on certain medicines - Times of India|website=indiatimes.com}}</ref>
The first step in this program will be the launch of new patient friendly packaging for its top 25 best-selling brands, which will be rolled-out in a phased manner over the next six months. The packaging has been designed such that blister packs would have extra space for brand name which ensures easy identification at the pharmacy, a tab at the bottom with expiry date clearly mentioned, and a pictorial representation of the time the medicine needs to be taken. In case of bottles, the measuring cup is now easy to read, and neck of the bottle has been modified to ensure minimal spillage.<ref name="timesofindia.indiatimes.com"/><ref name="thehindubusinessline.com">{{cite web|url=http://www.thehindubusinessline.com/companies/drl-rolls-out-patientcentric-purple-health-initiative/article9060623.ece?ref=wl_news|title=Beyond the pill: Dr Reddy’s rolls out patient-centric Purple Health initiative|website=thehindubusinessline.com}}</ref> Purple Health also includes patient support services. For example, someone taking medicines for an advanced kidney condition would be supported by messages and counselling on diet, medicine and so on.<ref name="thehindubusinessline.com"/>

==Issues and recalls==

===Drug discovery problems===

In September 2005, Dr. Reddy's spun off its drug discovery and research wing into a separate company called Perlecan Pharma Private Limited. At the time, this was hailed as an innovative move, but in 2008, the company had to be wound down due to funding constraints.<ref name="livemint.com">[http://www.livemint.com/Articles/2008/10/17001901/Perlecan-highlights-RampD-tr.html ''Perlecan highlights R&D travails of Indian pharma '', 17 October 2008].Accessed: 18 October 2009.</ref> Dr. Reddy's was the first Indian pharma company to attempt such an effort to de-couple risk of drug discovery from the parent company by creating a separate company with external source of funding. Perlecan Pharma was partially funded by ICICI Venture Capital and Citigroup Venture International, both of which held a 43% stake in Perlecan for an estimated $22.5 million. However, the company was forced to buy back the Perlecan shares from ICICI and Citigroup due to doubts regarding the commercial viability of the drug candidates that were in Perlecan's pipeline. At that point, Perlecan became a wholly owned subsidiary. In the board meeting of 23 October 2008, the company chose to amalgamate/absorb Perlecan, thereby making it an in-house research facility, as it was before 2005.<ref name="livemint.com"/>

In 2009, the company did a U-turn and has handed over discovery research and related intellectual property to its [[Bangalore]]-based subsidiary, with the possibility of spinning it off as a different entity altogether. "The company may be hoping to find a strategic partner in the future to share the risks and research funding."<ref>[http://www.livemint.com/Articles/2009/05/22002532/DRL-moving-research-arm-to-Ban.html '' DRL moving research arm to Bangalore unit '' 22 May 2009]. Accessed: 20 August 2009.</ref>

===2011 recall===

In June 2011, certain lots of Dr. Reddy's generic simvastatin tablets were recalled due to tablets having a "musty" or "moldy" smell.<ref>[Recall Notice, listserv, California Board of Pharmacy, 10 June 2011]</ref>

On 24 June 2014, the New York Times published an article "Warning Unheeded, Heart Drugs Are Recalled" in which it said another large Indian manufacturer and "Dr. Reddy's Laboratories, have announced recalls over the past two months totalling more than 100,000 bottles" of "a widely used heart drug, Toprol XL" "because their products were not dissolving properly".

===2014 FDA Form 483===

In December 2014 the FDA issued a Form 483 letter over concerns discovered during an inspection of its Srikakulam facility. No specific violations were mentioned in the letter.<ref>{{cite web|url=http://www.fiercepharmamanufacturing.com/story/fda-slaps-dr-reddys-form-483/2014-12-01|title=FDA slaps Dr. Reddy's with a Form 483 - FiercePharma|website=www.fiercepharmamanufacturing.com}}</ref><ref>{{cite web|url=http://www.in-pharmatechnologist.com/Ingredients/Dr-Reddy-s-API-plant-receives-USFDA-483-with-nine-observations|title=Dr Reddy's API plant receives USFDA 483 with nine observations|website=in-pharmatechnologist.com}}</ref>

===2019 Recall of Ranitidine products===

On 23 October 2019, Dr. Reddy's recalled all Ranitidine products in the US market due to contamination with the [[carcinogen]] [[N-nitrosodimethylamine]] (NDMA).<ref>[https://www.drreddys.com/media/904612/cder-press-release-ranitidine-recall-final-v3.pdf '' Dr. Reddy's confirms its voluntary nationwide recall of all Ranitidine products in the U.S. Market '' 23 October 2019]. Accessed: 24 October 2019.</ref>

=== Pollution ===
Dr. Reddy's has been accused of polluting agricultural land surrounding its plant in [[Nalgonda district]] of [[Telangana]].<ref>{{Cite news|author=Staff Reporter|date=24 November 2014|title=Villagers seek closure of drug unit in Peddadevulapally|language=en-IN|work=The Hindu|url=https://www.thehindu.com/news/national/telangana/villagers-seek-closure-of-drug-unit-in-peddadevulapally/article6630389.ece|access-date=27 March 2021|issn=0971-751X}}</ref>

== Key products ==

=== Top active pharmaceutical ingredients ===
{|
|
* [[Abiraterone Acetate]]
* [[Canagliflozin]]
* [[Ciprofloxacin Hydrochloride]]
* [[Ramipril]]
* [[Terbinafine HCI]]
* [[Ibuprofen]]
* [[Sertraline Hydrochloride]]
|
* [[Ranitidine HCI Form 2]]
* [[Naproxen Sodium]]
* [[Naproxen]]
* [[Atorvastatin]]
* [[Montelukast]]
* [[Nelfinavir Mesylate]]
|
* [[Losartan Potassium]]
* [[Sparfloxacin]]
* [[Nizatidine]]
* [[Fexofenadine]]
* [[Ranitidine Hydrochloride Form 1]]
|
* [[Clopidogrel]] (Not in US due to 2007 patent case)
* [[Omeprazole]]
* [[Finasteride]]
* [[Sumatriptan]]
* [[glimepiride]]
*[[Stolin gum astringent]]
* [[Senquel f]]
* [[Stolin r]]
|}

==See also==
{{Portal|Hyderabad}}
* [[Biotech and pharmaceutical companies in the New York metropolitan area]]

==References==
{{Reflist|2}}

== External links ==
* {{Official website}}
* [https://api.drreddys.com/ Active Pharmaceutical Ingredient (API) Website]

{{Nifty 200 companies}}
{{S&P CNX Nifty companies}}

{{Authority control}}

{{Hyderabad topics}}

[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Pharmaceutical companies of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Multinational companies headquartered in India]]
[[Category:Indian companies established in 1984]]
[[Category:NIFTY 50]]
[[Category:Pharmaceutical companies established in 1984]]
[[Category:Indian brands]]
[[Category:Generic drug manufacturers]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Dr. Reddy's Laboratories]]
[[Category:1984 establishments in Andhra Pradesh]]

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	==See also==		==See also==
	~~{{Portal\|Hyderabad}}~~
	* [[Biotech and pharmaceutical companies in the New York metropolitan area]]		* [[Biotech and pharmaceutical companies in the New York metropolitan area]]

Dr. Reddy's Laboratories - Revision history

Banti: updated details

CleanupBot II: Removed empty portal template using script

116.68.100.71 at 15:21, 8 January 2022

>GreenC bot: Rescued 1 archive link; reformat 1 link; Move 1 url. Wayback Medic 2.5