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 firstto-market launch of Naproxen and Esomeprazole Magnesium Delayed-Release Tablets, a therapeutic equivalent generic version of Vimovo® (Naproxen and Esomeprazole Magnesium) Delayed-Release Tablets approved by the U.S. Food and Drug Administration (USFDA).
"This launch is a testament to our core strengths in areas of research and development and intellectual property," says Marc Kikuchi, Chief Executive Officer, North America Generics. "We are excited to be a part of forming the first generic market for Vimovo® Tablets and to provide an affordable treatment alternative for patients."
The Vimovo® (Naproxen and Esomeprazole Magnesium) Delayed-Release Tablets brand had U.S. sales of approximately $414 million MAT for the most recent twelve months ending in December 2019 according to IQVIA Health*.
Dr. Reddy's Naproxen and Esomeprazole Magnesium Delayed-Release Tablets are available in 375 mg/20 mg and 500 mg/20 mg tablets in bottle count sizes of 60.
Shares of DR.REDDY's LABORATORIES LTD. was last trading in BSE at Rs.3065.25 as compared to the previous close of Rs. 3091.35. The total number of shares traded during the day was 23937 in over 1374 trades.
The stock hit an intraday high of Rs. 3113.95 and intraday low of 3061.1. The net turnover during the day was Rs. 73860394.