Dr. Reddy’s Labs - gVascepa Launch To Assist In Earnings Growth: Axis Securities

Workers check automatic packaging of medicine tablets manufactured at Dr Reddy’s plant in Bachupally, Andra Pradesh. (Photographer: Amit Bhargava/Bloomberg News)

Dr. Reddy’s Labs - gVascepa Launch To Assist In Earnings Growth: Axis Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

Dr. Reddy’s Laboratories Ltd. offers a portfolio of products and services including active pharmaceutical ingredients, custom pharmaceutical services, generics, biosimilars, and differentiated formulations.

The major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management, and dermatology.

The company operates in markets across the globe.

It has announced the launch of icosapent ethyl capsules (gVascepa), one gram approved by the U.S. Food and Drug Administration.

The total market size of gVascepa is $429 million. At present, there are three players in this space namely Amarin, Hikma, and Dr. Reddy's.

We expect a 40% price erosion in gVascepa market size in FY22E and a 10% incremental price erosion in the upcoming years.

Click on the attachment to read the full report:

Axis Securities Dr. ReddysLab Event Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.