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Dr. Reddy's launches OTC store brand equivalent of Mucinex® D Extended Release Tablets in two strengths in the U.S. Market

Posted On: 2019-07-10 10:54:21

Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, al.ong with its subsidiaries together referred to as "Dr. Reddy's") today announced launch of an over-the-counter (OTC) store-brand equivalent of Mucinex® D Extended Release Tablets in two strengthsGuaifenesin 600 mg and Pseudoephedrine HCI 60 mg, and Guaifenesin 1200 mg and Pseudoephedrine HCI 120 mg-in the United States market, as approved by the U.S. Food and Drug Administration (USFDA).

Dr. Reddy's OTC Guaifenesin and Pseudoephedrine HCI is used to help loosen phlegm (mucus) and thin bronchial secretions to rid the bronchial passageways of bothersome mucus and make coughs more productive; temporarily relieve nasal congestion due to common cold, hay fever, and upper respiratory allergies; temporarily restore freer breathing through the nose; promote nasal and/or sinus drainage; and temporarily relieve sinus congestion and pressure.

"We are excited to bring first to market the store-brand equivalent of Mucinex® D Maximum Strength Extended Release Tablets. These launches illustrate our continued commitment to the OTC business and our growing portfolio in the cough, cold and allergy category," says Milan Kalawadia, Senior Vice President and Head of US OTC and Specialty Rx Divisions, Dr. Reddy's Laboratories.

The Mucinex® D brand and store brands had combined U.S. sales of approximately $71 million MAT for the most recent twelve months ending in May 2019 according to IRI*.

Dr. Reddy's OTC Guaifenesin 1200 mg and Pseudoephedrine HCI 120 mg is available in 24-count packages.

Dr. Reddy's OTC Guaifenesin 600 mg and Pseudoephedrine HCI 60 mg is available in 18- and 36-count packages.

Mucinex is a trademark of RB HEAL TH (US) LLC

Shares of DR.REDDY's LABORATORIES LTD. was last trading in BSE at Rs.2593 as compared to the previous close of Rs. 2595.75. The total number of shares traded during the day was 14234 in over 828 trades.

The stock hit an intraday high of Rs. 2630 and intraday low of 2572.9. The net turnover during the day was Rs. 37053175.


Source: Equity Bulls

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