Dr Reddy's ends 3% higher after US FDA clears Hyderabad facility!
Mon, Feb 12, 2024 5:27 PM

Dr Reddy's ends 3% higher after US FDA clears Hyderabad facility!

A Flip by Avya Verma
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Shares of Dr Reddy's Laboratories Limited rose 3% on February 12 after the US FDA cleared their Bachupally facility with a voluntary action needed status. This classification allows the facility to manufacture and market products. Despite previous concerns, analysts had anticipated a warning letter, but the company clarified that they responded to observations promptly. In Q3 results.

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