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Dr. Reddy’s Laboratories shares in focus after acquiring India trademarks for two HRT drugs for $32 million
Dr. Reddy’s Laboratories has acquired the India trademarks for the Hormone Replacement Therapy (HRT) drugs Progynova® and Cyclo-Progynova® from Mercury Pharma Group Limited for $32.15 million. This strategic acquisition is expected to significantly bolster Dr. Reddy’s gynecology portfolio and mark its entry into the HRT segment in India, drawing investor attention to its shares. Despite a slight dip in share price on Wednesday, the company shows strong technical indicators and a shift in institutional holdings with mutual funds increasing their stake while FPIs reduced theirs.