Hyderabad, India, July 09, 2019
Hyderabad, India and Princeton, NJ, USA. July 09,2019—Dr. Reddy’s Laboratories Ltd. (BSE:
500124, NSE: DRREDDY, NYSE: RDY, along with its subsidiaries together
referred to as “Dr. Reddy’s”) today announcedlaunch ofan over-the-counter
(OTC) store-brand equivalent of Mucinex® DExtended Release Tablets in two strengths—Guaifenesin
600 mg and Pseudoephedrine HCl 60 mg, and Guaifenesin 1200 mg and
Pseudoephedrine HCl 120 mg—in the United States market, as approved by the
U.S. Food and Drug Administration (USFDA).
Dr. Reddy’s OTCGuaifenesin andPseudoephedrine HClis used tohelp
loosen phlegm (mucus) and thin bronchial
secretions to rid the bronchial passageways of bothersome mucus
and make coughs more productive; temporarily relieve nasal congestion due to
common cold, hay fever, and upper respiratory allergies; temporarily restore
freer breathing through the nose; promote nasal and/or sinus drainage; and
temporarily relieve sinus congestion and pressure.
"We are excited to bring first to market the store-brand
equivalent of Mucinex® D Maximum Strength Extended Release Tablets. These
launches illustrate our continued commitment to the OTC business and our
growing portfolio in the cough, cold and allergy category,” says Milan
Kalawadia, Senior Vice President and Head of US OTC and Specialty Rx
Divisions, Dr. Reddy’s Laboratories.
The Mucinex® D brand and store brands had combined U.S.
sales of approximately $71million MAT for the most recent twelve months
ending in May2019 according to IRI*.
Dr. Reddy’s OTC Guaifenesin 1200 mg andPseudoephedrine HCl120 mgis
available in 24-count packages.
Dr. Reddy’s OTC Guaifenesin 600 mg and Pseudoephedrine HCl 60 mg is available in 18- and 36-count packages.
Mucinex is a trademark of RB HEALTH (US) LLC
*IRIMAT May 2019
RDY-OTC-0619
About Dr. Reddy’s:
Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY) is an
integrated pharmaceutical company, committed to providing affordable and innovative
medicines for healthier lives. Through its three businesses - Pharmaceutical
Services & Active Ingredients, Global Generics and Proprietary Products –
Dr. Reddy’s offers a portfolio of products and services including APIs,
custom pharmaceutical services, generics, biosimilars and differentiated
formulations. Our major therapeutic areas of focus are gastrointestinal,
cardiovascular, diabetology, oncology, pain management and dermatology. Dr.
Reddy’s operates in markets across the globe. Our major markets include –
USA, India, Russia & CIS countries, and Europe. For more information, log
on to:www.drreddys.com
Disclaimer:
This press release may include statements of future expectations and other
forward-looking statements that are based on the management’s current views
and assumptions and involve known or unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. In addition to statements
which are forward-looking by reason of context, the words "may",
"will", "should", "expects", "plans",
"intends", "anticipates", "believes",
"estimates", "predicts", "potential", or
"continue" and similar expressions identify forward-looking
statements. Actual results, performance or events may differ materially from
those in such statements due to
without limitation, (i) general economic conditions such as performance
of financial markets, credit defaults , currency exchange rates , interest
rates , persistency levels and frequency / severity of insured loss events
(ii) mortality and morbidity levels and trends, (iii) changing levels of
competition and general competitive factors, (iv) changes in laws and
regulations and in the policies of central banks and/or governments, (v) the
impact of acquisitions or reorganization , including related integration
issues.
The
company assumes no obligation to update any information contained herein.
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