Dr. Reddy to Dish Out Its New Anti-Diabetic Drug, Balaglitazone, by 2011 (India)
This article was originally published in PharmAsia News
Dr. Reddy Laboratories recently announced the success of its new diabetes drug, Balaglitazone, in late-stage clinical trials. If the drug continues to perform well, Dr. Reddy anticipates it will be available worldwide by 2011. The company is also moving to begin investing $100 million a year in research and development to find new treatments for cancer, diabetes, cardiovascular problems, inflammation and bacterial infections. Dr. Reddy already has eight experimental formulas in its pipeline designed to fight diabetes, inflammation and obesity. Dr. Reddy is developing Balaglitazone with Denmark's Rheoscience. Dr. Reddy will retain rights for 60 percent of the diabetes market, including the United States. (Click here for more
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