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Dr. Reddy's Laboratories announces re-launch of Zenatane® in the U.S. Market

Posted On: 2019-06-03 22:03:19

Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, along with its subsidiaries together referred to as "Dr. Reddy's") today announced the relaunch of Zenatane® (lsotretinoin Capsules, USP), 10 mg, 20 mg, 30 mg and 40 mg a therapeutic equivalent generic version of Accutane®, approved by the U.S. Food and Drug Administration (USFDA). The product is being launched with an approved Risk Evaluation and Mitigation Strategy (REMS) Program.

"We're pleased to bring this important product back to market for the customers and patients who will benefit from access to this medicine and who have had witnessed limited supply and options in the market place," explains Marc Kikuchi, Chief Executive Officer, North America Generics. "Furthermore, this is important for our company as we have commercialized the first Softgel dosage product from Dr. Reddy's own manufacturing plant to ensure consistent and robust supply for this product in the U.S. market."

The Zenatane (lsotretinoin Capsules, USP), 10 mg, 20 mg, 30 mg and 40 mg brand and generic had U.S. sales of approximately $525 million MAT for the most recent twelve months ending in March 2019 according to IQVIA Health*.

Dr. Reddy's Zenatane (lsotretinoin Capsules, USP) are available in 3x10 (30-count) blister packages of 10 mg, 20 mg 30 mg, and 40 mg Capsules, USP.

Shares of DR.REDDY'S LABORATORIES LTD. was last trading in BSE at Rs.2715 as compared to the previous close of Rs. 2677.7. The total number of shares traded during the day was 28954 in over 1841 trades.

The stock hit an intraday high of Rs. 2730.2 and intraday low of 2653.4. The net turnover during the day was Rs. 78371480.

Accutane® is a trademark of Hoffman LaRoche


Source: Equity Bulls

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