Dr Reddy's Adds To OTC Portfolio With Glenmark Deal
Acquires Anti-Allergy Brands In Russia, Ukraine, Kazakhstan And Uzbekistan
Executive Summary
Dr Reddy's is poised to expand its OTC offering in Russia and certain CIS countries by snapping up a basket of allergy brands from fellow Indian firm Glenmark.
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Acquisitions Are On Dr Reddy’s Menu
Dr Reddy’s indicates it is actively pursuing acquisitions, likely involving relatively smaller assets, across several key markets on the back of a “healthy” balance sheet. It is also progressing plans to position Russian COVID-19 vaccine Sputnik Light as a booster, which it believes could potentially be “part of life” hereon.