Dr. Reddy's (RDY), Kainomyx Sign Potential Deal for Malaria Drug [Yahoo! Finance]
Dr. Reddy's Laboratories Ltd (RDY)
US:NYSE Investor Relations:
drreddys.com/investors
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Source: Yahoo! Finance
anti-malarial drug in the United States, EU and low and middle-income countries. Kainomyx is a U.S.-based company that utilizes its proprietary platform to develop candidates with a novel mechanism of action. Per Dr. Reddy's, the MoU is subject to the signing of a definitive agreement. There is a significant unmet medical need in the treatment of malaria and other parasitic diseases as drug resistance to existing therapeutics is rapidly developing. Therefore, new drug discovery with differentiated mechanisms of action is quintessential. Year to date, shares of Dr. Reddy's have gained 19.5% compared with the industry's 19% growth. Image Source: Zacks Investment Research Under the terms of the MoU, Kainomyx will lead the technical strategy and oversee the drug discovery and clinical phases. Meanwhile, Aurigene, a subsidiary of Dr. Reddy's, will focus on developing cost-effective and scalable drug chemistry. As the clinical program advances, the collaboration will enable Kainom
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RDY
News
- Dr. Reddy's Laboratories Limited (NYSE: RDY) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
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- Dr. Reddy's Q2 Earnings Miss Estimates, Global Generics Revenues Grow [Yahoo! Finance]Yahoo! Finance
- Dr. Reddy's Laboratories Limited (NYSE: RDY) had its price target lowered by analysts at Barclays PLC from $17.40 to $17.00. They now have an "overweight" rating on the stock.MarketBeat
- Dr Reddy's Laboratories Ltd (RDY) (HY 2025) Earnings Call Highlights: Strong Revenue Growth and ... [Yahoo! Finance]Yahoo! Finance
RDY
Earnings
- 11/6/24 - Beat
RDY
Sec Filings
- 11/14/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/7/24 - Form 6-K
- RDY's page on the SEC website