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Dr. Reddy's Labs Saved From Poor India Showing By North America Market Growth, Biosimilars

This article was originally published in PharmAsia News

Executive Summary

MUMBAI - Dr. Reddy's Laboratories Ltd. faced an unexpected slowdown in its home market as sales growth in India slipped to just 6% during the first quarter - remarkably lower than the industry average of 14% to 15% - but a 69% rise in sales of its biosimilars products like monoclonal antibody Reditux (rituximab) powered revenues to a respectable $66 million, against $62 million achieved during the same period last year

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