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Dr. Reddy's Laboratories sells non-core dermatology brands

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Capital Market
Last Updated : Mar 17 2023 | 2:04 PM IST
Dr. Reddy's Laboratories announced the signing of a deal to divest certain non-core brands of the company in the dermatology segments to Eris Lifesciences.

Under the agreement, Eris Lifesciences will be assigned the trademark of these brands by Dr. Reddy's for a consideration of Rs. 275 crore. As per IQVIA MAT December 2022, the divested portfolio saw sales of Rs. 60 crore in India.

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First Published: Mar 17 2023 | 1:48 PM IST

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