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Pharmaceutical Chemicals

Dr. Reddy’s sells plants in India and Tennessee

by Jean-François Tremblay
October 27, 2018 | A version of this story appeared in Volume 96, Issue 43
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Dr. Reddy’s Laboratories has sold manufacturing facilities in Hyderabad, India, and Bristol, Tenn. The buyer of the plant in India, which produces active pharmaceutical ingredients, is a joint venture of India’s Laxai Life Sciences and Abu Dhabi-based Neopharma. Neopharma is the sole buyer of the facility in Tennessee, which produces amoxicillin-based antibiotics. Dr. Reddy’s profits have declined in the past two years, primarily because of price pressure. The generic drugmaker has also struggled with product quality in the U.S.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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