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Dr. Reddy's launches OTC store brand equivalent of Allegra-D®

Posted On: 2019-07-19 13:16:49

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 launch of Fexofenadine HCl 60 mg and Pseudoephedrine HCl 120 mg Extended-Release Tablets, USP, an over-thecounter (OTC) store-brand equivalent of Allegra-D® 12 HR Allergy and Congestion Extended-Release Tablets, in the United States market, as approved by the U.S. Food and Drug Administration (USFDA).

Dr. Reddy's OTC Fexofenadine HCl 60 mg and Pseudoephedrine HCl 120 mg Extended-Release Tablets, USP, are used:

- For temporary relief of symptoms due to hay fever or other upper respiratory allergies that include runny nose; sneezing; itchy, watery eyes; itching of the nose or throat

- For temporary relief of nasal congestion due to the common cold, hay fever or other upper respiratory allergies

- To reduce swelling of nasal passages

- For temporary relief of sinus congestion and pressure

- To temporarily restore freer breathing through the nose

"We are pleased to be expanding our pseudoephedrine-based product offering in time for the cough, cold and allergy season," says Milan Kalawadia, Senior Vice President and Head of US OTC and Specialty Rx Divisions, Dr. Reddy's Laboratories. "We look forward to collaborating with our customers to provide high-quality, affordable alternatives to consumers."

The Allegra-D® 12 HR Allergy and Congestion Extended-Release Tablets brand and generic had U.S. sales of approximately $44 million MAT for the most recent twelve months ending in May 2019 according to IRi. Dr. Reddy's OTC Fexofenadine HCl 60 mg and Pseudoephedrine HCl 120 mg Extended-Release Tablets, USP are available in 20- and 30-count sizes.

Allegra-D® 12 HR is a trademark of Aventisub II Inc.

Shares of DR.REDDY'S LABORATORIES LTD. was last trading in BSE at Rs.2650 as compared to the previous close of Rs. 2666.65. The total number of shares traded during the day was 12909 in over 954 trades.

The stock hit an intraday high of Rs. 2678.8 and intraday low of 2629.8. The net turnover during the day was Rs. 34330921.


Source: Equity Bulls

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