Dr. Reddy's Laboratories announces the launch of AVIGAN® (Favipiravir) in India

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 AVIGAN® (Favipiravir) 200 mg Tablets in India. The launch is part of the global licensing agreement with FUJIFILM Toyama Chemical Co. Ltd. that grants Dr. Reddy's the exclusive rights to manufacture, sell and distribute AVIGAN (Favipiravir) 200 mg Tablets in India.

AVIGAN® (Favipiravir) has been approved by the Drugs Controller General of India (DCGI) for the treatment of patients with mild to moderate COVID-19 disease.

M V Ramana, Chief Executive Officer, Branded Markets (India and Emerging Markets), Dr. Reddy's Laboratories, said "We are pleased to bring this important innovator medicine to the patients in India. The need for high quality and efficacy, affordability and better disease management are key priorities for us. We believe that AVIGAN® would provide an effective treatment option to the COVID-19 impacted patients in India."

Dr. Reddy's AVIGAN® comes in a complete therapy pack of 122 tablets with a two-year shelf life.

Shares of DR.REDDY's LABORATORIES LTD. was last trading in BSE at Rs.4504.25 as compared to the previous close of Rs. 4517.75. The total number of shares traded during the day was 26745 in over 2071 trades.

The stock hit an intraday high of Rs. 4560 and intraday low of 4438.2. The net turnover during the day was Rs. 120627517.

Source : Equity Bulls

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