Online edition of India's National Newspaper
Friday, Apr 04, 2008
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Online edition of India's National Newspaper Friday, Apr 04, 2008 ePaper | Mobile/PDA Version |
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HYDERABAD: Dr. Reddy’s Laboratories Ltd (DRL) on Thursday acquired Jet Generici Srl of Italy, a company engaged in the sale of generic finished dosages. The deal was completed through Dr. Reddy’s Italian subsidiary, Reddy Pharma Italia, which has been engaged in building a pipeline of registrations since its incorporation. The acquisition provides access to an essential product portfolio, a pipeline of registration applications, and a sales and marketing organisation. Financial terms and conditions of the transaction were not disclosed. V. S. Vasudevan, President and Head (Europe Operations), said: “ The acquisition has been well timed, since Dr. Reddy’s will be able to immediately supplement the Jet Generici portfolio through its own pipeline. We already have registration for one significant product, and a strong pipeline of registration applications.”
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