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Dr. Reddy’s to Acquire Parts of Wockhardt in India

Deal also includes a Wockhardt manufacturing plant

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Dr. Reddy’s Laboratories has entered into a definitive agreement with Wockhardt Limited to acquire select divisions of its branded generics business in India and a few other international territories of Nepal, Sri Lanka, Bhutan and Maldives for approximately $270 million.   The business comprises a portfolio of 62 brands in multiple therapy areas such as respiratory, neurology, VMS, dermatology, gastroenterology, pain and vaccines, which would transfer to Dr. Reddy’s along with related sales and...

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