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Nirmal Bang Report
We revise our estimates on gVascepa sales for Dr. Reddy’s Laboratories Ltd. Last quarterly sales annualised for Vascepa are 620 million U.S. dollar.
We account for upside from Sputnik vaccine in the company’s target price considering the publication of positive data from interim analysis of phase three studies suggesting more than 95% efficacy at 21 days post administration of the second dose.
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