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DR REDDY'S SHUTS DOWN DIAGNOSTIC BUSINESS (as part of its strategy to focus on core research driven and high value business).
(From India Business Insight)
Dr Reddy's Laboratories (Dr Reddy's) has shut down its inoperative diagnostics division, as part of its strategy to focus on core research driven and high value business.
The business, which was involved in marketing of over 50 diagnostic products/kits, contributed less than 1% to the company's total turnover at less than Rs90 M during 2002-2003. Revenues from diagnostics, critical care and biotechnology segments stood at Rs428 M during 2002-2003.
Following the closure of the division, some of the ...
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