Dr. Reddy's Laboratories shares are trading higher. The company on Wednesday announced it signed a definitive agreement with Haleon for purchase of shares of Northstar Switzerland SARL to acquire its global portfolio of consumer healthcare brands in the Nicotine Replacement Therapy category outside of the United States.
Portfolio Pulse from Benzinga Newsdesk
Dr. Reddy's Laboratories shares are trading higher after announcing a definitive agreement with Haleon to acquire Northstar Switzerland SARL's global portfolio of consumer healthcare brands in the Nicotine Replacement Therapy category outside of the United States.
June 27, 2024 | 3:06 pm
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Dr. Reddy's Laboratories shares are trading higher following the announcement of a definitive agreement with Haleon to acquire Northstar Switzerland SARL's global Nicotine Replacement Therapy brands portfolio outside the US.
The acquisition of a global portfolio in the Nicotine Replacement Therapy category is likely to enhance Dr. Reddy's product offerings and market reach, positively impacting its stock price in the short term.
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