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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).

Asia Africa Intelligence Wire

| July 31, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(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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