Dr. Reddy's Laboratories Ltd. And Bayer Entered Into A Partnership To Market And Distribute A Second Brand Of Vericiguat In India. Under The Terms Of This Agreement, Bayer Has Granted Non-Exclusive Rights To Dr. Reddy's Under The Brand Name Gantra
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Dr. Reddy's Laboratories Ltd. (RDY) and Bayer have formed a partnership to market and distribute a second brand of Vericiguat, named Gantra, in India. This agreement grants Dr. Reddy's non-exclusive rights to sell Gantra, aimed at treating adults with symptomatic chronic heart failure. Vericiguat represents a novel approach in heart failure treatment, potentially reducing cardiovascular death and hospitalization risks. India, with 8-10 million heart failure patients, represents a significant market for this treatment.
April 05, 2024 | 1:46 pm
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Dr. Reddy's Laboratories Ltd. enters a partnership with Bayer to distribute Gantra, a novel heart failure treatment, in India.
The partnership with Bayer to distribute Gantra in India, a significant market for heart failure treatments, could potentially boost Dr. Reddy's revenues and market presence in the healthcare sector. Given the large patient population and the novel mechanism of action of Vericiguat, this partnership is likely to be viewed positively by investors, potentially leading to a short-term uptick in RDY's stock price.
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