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Business
Dr. Reddy’s picks up Teva portfolio
by Rick Mullin
June 20, 2016
| A version of this story appeared in
Volume 94, Issue 25
The Indian generic drugmaker Dr. Reddy’s Laboratories has agreed to acquire eight Abbreviated New Drug Applications from Israel’s Teva Pharmaceutical Industries for $350 million. Teva is divesting the products as a precondition to closing on its acquisition of Allergan’s generic drugs business. The combined annual U.S. sales of the branded versions of the drugs involved are about $3.5 billion, the firms say.
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