Dr Reddys Labs sells US antibiotic plant

Dr Reddys Labs sells US antibiotic plant
Dr Reddys Labs sells US antibiotic plant

Drugmaker Dr Reddy′s Laboratories Ltd has sold an antibiotic manufacturing facility in the US to Abu Dhabi-based pharmaceutical manufacturer Neopharma LLC UAE. Erez Israeli, COO, Dr Reddy′s, said in a statement: “This sale is in line with our stated priority to streamline and optimise our global cost structures and help us focus on other business priorities to drive growth.” Suresh Nandiraju, COO at Neopharma Inc., the UAE company's US unit, said the acquisition will strengthen its product portfolio for driving long-term, sustainable growth by leveraging its global presence. The facility is located at Bristol, Tennessee. The plant and associated facilities are used to make amoxicillin-based products, which include semi-synthetic penicillin. The 390,000 sq ft main facility makes secondary oral-solid dose penicillin manufacturing. A separate 24,000 sq ft plastics-processing facility is also part of the transaction. Dr Reddy′s makes bulk drugs, generics, biosimilars and differentiated formulations. It also provides custom pharmaceutical services. Its major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology.

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