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Dr Reddys Laboratories Ltd
BSE Code 500124 ISIN Demat INE089A01023 Book Value (₹) 1,453.13 NSE Symbol DRREDDY Div & Yield % 0.69 Market Cap ( Cr.) 97,001.49 P/E * 22.34 EPS * 260.28 Face Value (₹) 5
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Dr Reddys and Bayer partner to market and distribute second brand of Vericiguat in India Back
(05 Apr 2024)
Dr Reddys Laboratories and Bayer announced that both companies have entered into a partnership to market and distribute a second brand of Vericiguat in India.

Under the terms of this agreement, Bayer has granted non-exclusive rights to Dr. Reddy's under the brand name Gantra®.

Vericiguat, a soluble guanylate cyclase (sGC) stimulator, in India, is indicated, along with guideline-based medical therapy, in adults with symptomatic chronic heart failure with reduced ejection fraction (less than 45%), following a recent event of worsening heart failure which required hospitalization or outpatient intravenous (IV) diuretics.

Vericiguat works on a pathway not currently targeted by existing heart failure treatments and can reduce the combined risk of cardiovascular death and heart failure hospitalization in such patient . India has between 8-10 million people with heart failure, making it one of the largest populations with this condition.