Nirmal Bang: Dr. Reddy’s Target Price Revised On Lower gVascepa Estimate, Sputnik Vaccine
People chat in the lobby of Innovation Plaza building, on Dr. Reddy’s Laboratories Ltd. campus in Hyderabad. (Photographer: Prashanth Vishwanathan/Bloomberg)

Nirmal Bang: Dr. Reddy’s Target Price Revised On Lower gVascepa Estimate, Sputnik Vaccine

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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.

Click on the attachment to read the full report:

Nirmal Bang Dr Reddys Laboratories-Company Update-27 November 2020.pdf

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