Here's Why You Should Add Dr. Reddy's Stock to Your Portfolio [Yahoo! Finance]
Dr. Reddy's Laboratories Ltd (RDY)
US:NYSE Investor Relations:
drreddys.com/investors
Company Research
Source: Yahoo! Finance
Let's delve deeper to discuss four reasons why adding Dr. Reddy's stock to your portfolio may prove beneficial in fiscal 2025. Dr. Reddy's enjoys a strong position in the generics market. As of Sept. 30, 2024, cumulatively, 80 generic filings were pending approval from the FDA (75 abbreviated new drug applications [ANDAs] and five new drug applications). Of these 75 ANDAs, 44 were Para IVs. In fiscal 2024, the company continued to witness positive traction in both base business and recent launches in North America and the EU. In the fiscal year, the company launched 21 products in North America. In the second quarter of fiscal 2025, Dr. Reddy's launched four new products in the United States and expects the launch momentum to continue in the balance of the year. Dr. Reddy's has expanded its biosimilars facility in India to meet growing demand in emerging markets. In the fourth quarter of fiscal 2024, the company launched Versavo (bevacizumab), a biosimilar of cancer drug Avasti
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RDY
News
- Dr. Reddy's Laboratories Limited (NYSE: RDY) was downgraded by analysts at Nomura from a "buy" rating to a "neutral" rating.MarketBeat
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- Dr. Reddy's Laboratories Limited (NYSE: RDY) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
RDY
Earnings
- 11/6/24 - Beat
RDY
Sec Filings
- 12/20/24 - Form 6-K
- 12/6/24 - Form 6-K
- 12/6/24 - Form 6-K
- RDY's page on the SEC website