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Dr Reddy’s surges 5% on GSK partnership
This article was posted on Jun 16, 2009 and is filed under Stock News
Dr Reddy’s has gained after announcing a partnership with GSK.The stock opened at Rs 715 and slipped into the red to Rs 705. However, it surged to a high of Rs 748, up 6% from the day’s low. It is now trading up 5% at Rs 745. Around 19,886 shares have changed hands at the counter on the BSE so far.
Dr Reddy’s has announced a partnership with GlaxoSmithKline (GSK) to develop and market select products across emerging markets outside India. GSK will now be able to gain access to Dr Reddy’s rich and diverse portfolio and future pipeline of more than 100 branded pharmaceuticals.
source: Business-Standard
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