Milestones
  • Announces strategic alliance with GlaxoSmithKline plc to develop and market select products across emerging markets outside India.
  • Receives approval for Three INDs.
  • Reorganizes Drug Discovery Operations to merge into Aurigene, a wholly owned independent subsidiary of Dr. Reddy's.
  • Acquires BASF’s Pharmaceutical manufacturing contract business and related facility at Shreveport, Louisiana
  • Acquires Dowpharma’s small molecule business at its Mirfield and Cambridge facilities, UK.
  • Dr. Reddy’s formally announces its US Specialty Business, Promius Pharma, LLC.
  • Becomes No.1 pharmaceutical company in India in turnover and profitability.
  • Launches Reditux ™ (Rituximab) – the World’s first biosimilar of a monoclonal antibody
  • Blaglitazone (DRF 2593) enters Phase III of clinical trials becoming India’s most advanced NCE
  • Revenues touch USD 1 Billion in December 2006.
  • Dr. Reddy's obtains its second 180-day marketing exclusivity for a generic drug in the US market with the launch of Ondenesetron Hydrochloride Tablets.
  • Becomes an Authorized Generic Partner for Merck’s Proscar® & Zocor® in the US market during 180 day exclusivity period.
  • Acquires betapharm- the fourth-largest generics company in Germany for a total enterprise value of € 480 million.
  • Acquires Roche's API Business at the state-of-the-art manufacturing site in Mexico with a total investment of USD 59 million.
  • Announces India's first major co-development and commercialization deal for it's molecule Balaglitazone (DRF 2593), with Rheoscience.
  • Announces a unique partnership for the commercialization of ANDAs with ICICI Venture..
  • Acquires Trigenesis gives access to drug delivery technology platforms
  • Launches Ibuprofen, first generic product to be marketed under the “Dr. Reddy’s” label in the US
  • Conducts its first overseas acquisition – BMS Laboratories Limited and Meridian Healthcare in UK
  • Becomes the first Asia Pacific pharmaceutical company, outside Japan, to list on the New York Stock Exchange. Listed with the symbol ‘RDY’ on April 11, 2001.
  • Out-licenses DRF 4158 to Novartis for up to US $55 million upfront payment
  • Launches its first generic product, Ranitidine, in the US market
  • Becomes the first Indian pharmaceutical company to obtain an 180-day exclusive marketing rights for a generic drug in the US market with the launch of Fluoxetine 40 mg capsules on August 3, 2001
  • Dr. Reddy's Laboratories becomes India's third largest pharmaceutical company with the merger of Cheminor Drugs Limited, a group company
  • Reddy US Therapeutics, a wholly-owned subsidiary, is established at Atlanta, US to conduct target based drug discovery
  • Acquisition of American Remedies Limited, a pharmaceutical company based in India.
  • Licenses anti-diabetic molecule, DRF 2725 (Ragaglitazar), to Novo Nordisk
  • Licenses anti-diabetic molecule, DRF 2593 (Balaglitazone), to Novo Nordisk. Becomes the first Indian pharmaceutical company to out-license an original molecule.
  • First ANDA filed with the United States Food and Drug Administration for Ranitidine
  • Sets up of a Joint Venture in Russia.
  • Makes a GDR issue of USD 48 million
  • Foundation stone laid for a finished dosages facility to cater to the highly regulated markets such as the US.
  • Dr. Reddy's Research Foundation established. The company's drug discovery programme starts.
  • First formulation exports to Russia commence
  • Dr. Reddy’s, for the first time in India, exports Norfloxacin and Ciprofloxacin to Europe and Far East.
  • Acquires Benzex Laboratories Pvt. Limited to expand its Bulk Actives business.
  • Obtains its first USFDA approval for Ibuprofen API
  • Starts its formulations operations
  • Dr. Reddy’s goes public
  • Dr. Reddy’s listed on Bombay Stock Exchange (BSE)
  • Dr. Reddy’s enters international markets with exports of Methyldopa
  • Dr Anji Reddy establishes Dr. Reddy's Laboratories with an initial capital outlay of Rs.25 lakhs

Milestones 2001