6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the Month of September 2006
Commission File Number 1-15182
DR. REDDYS LABORATORIES LIMITED
(Name of Registrant)
7-1-27, Ameerpet
Hyderabad, Andhra Pradesh 500 016, India
+91-40-23731946
(Address of Principal Executive Offices)
Indicate by check mark whether registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted
solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted
to furnish a report or other document that the registrant foreign private issuer must furnish and
make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled
or legally organized (the registrants home country), or under the rules of the home country
exchange on which the registrants securities are traded, as long as the report or other document
is not a press release, is not required to be and has not been distributed to the registrants
security holders, and, if discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to registrant in connection with Rule
12g3-2(b):
Not applicable.
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Press Release
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[DR. REDDYS LOGO] |
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Dr. Reddys Laboratories Ltd. |
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7-1-27 Ameerpet |
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Hyderabad 500 016 India |
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Tel: 91 40 373 1946 |
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Fax: 91 40 373 1955 |
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www.drreddys.com |
Dr Reddys inaugurates its first Finished Dosages Facility in Visakhapatnam
Visakhapatnam, September 26, 2006: Dr Reddys Laboratories today announced the inauguration of
their first Finished Dosages plant at Visakhapatnam. With a built up area of 15.7 acres (65,000 sq
mts), the plant is ecologically balanced with a beautiful green belt covering 8 acres of
surrounding land. This plant is the seventh Finished Dosage facility of the company. The last
facility was inaugurated in March, 2006, at Baddi, Himachal Pradesh.
The state of the art plant is specially designed to manufacture a broad range of products including
Cytotoxic and Anti-hormonal products, and injectibles catering to the international market for the
treatment of cancer, hormonal imbalances & other diseases. The facility is also designed to cater
to the manufacturing needs of international pharmaceutical companies.
Commenting on the new facility, Satish Reddy, Managing Director & Chief Operating Officer, Dr.
Reddys said, Our organizations multi-disciplinary capabilities have enabled our rapid growth in
the pharmaceutical industry. The new facility is benchmarked to the highest global regulatory
standards and is designed to cater to a global market that requires the most stringent standards of
quality. We strongly believe that this unit will be one of the drivers of quantum growth for Dr.
Reddys.
The plant has an in-built capacity-expansion capability, keeping in mind Dr. Reddys product
pipeline and global market trends. The plant has a production capacity of manufacturing 40 million
Cytotoxic OSD capsules, 40 million Anti Hormonal formulations & 7 million injectibles per annum.
Speaking on the occasion, Ashwani Kumar Malhotra, Executive Vice President, Formulations Technical
Operations, Dr. Reddys said, With the setting up of this new unit, our key focus is to use the
most advanced techniques and our large pool of scientific talent, coupled with superior process R&D
skills for rapid process development. This facility, fully equipped with state-of-the-art
infrastructure, will give us a competitive edge.
The unit has been designed to handle potent compounds using isolation technology, with equipment
like a fully automated injectible filling line, single pot processors and wash-in-place tablet
presses. The new facility represents a significant advance in technical sophistication over Dr.
Reddys other FTO facilities, of which 3 are located in Hyderabad, 1 in Yanam near Kakinada and 1
in Baddi, Himachal Pradesh. Its manufacturing facilities have been inspected by some of the worlds
most stringent regulatory authorities, including USFDA, MHA, MCC, and ANVISA.
About Dr. Reddys
Established in 1984, Dr. Reddys Laboratories (NYSE: RDY) is an emerging global pharmaceutical
company with proven research capabilities. The Company is vertically integrated with a presence
across the pharmaceutical value chain. It produces finished dosage forms, active pharmaceutical
ingredients and biotechnology products and markets them globally, with focus on India, US, Europe
and Russia. The Company conducts research in the areas of diabetes, cardiovascular,
anti-infectives, inflammation and cancer.
For more information: visit us at www.drreddys.com
Contact Information:
Mythili Mamidanna
Dr Reddys Laboratories
Tel: +91 40 66511620
Email: mythilim@drreddys.com
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Manisha Talluri
Genesis Burson Marsteller
Mobile: 9885442760
Email: manisha.talluri@bm.com
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Press Release
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[DR. REDDYS LOGO] |
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Dr. Reddys Laboratories Ltd.
7-1-27 Ameerpet
Hyderabad 500 016 India |
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Tel: 91 40 373 1946
Fax: 91 40 373 1955 |
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www.drreddys.com |
DR. REDDYS AND CLINTEC INTERNATIONAL ANNOUNCE
CO-DEVELOPMENT OF ANTI-CANCER COMPOUND DRF 1042
Hyderabad, India and Windsor, United Kingdom, September 27, 2006: Dr. Reddys Laboratories (NYSE:
RDY) and ClinTec International announced today that they have entered into an agreement for the
joint development of an anti-cancer compound, DRF 1042, belonging to the Topoisomerase inhibitors
class of compounds for use as potential treatment of various types of cancer.
Dr. Reddys has completed Phase I clinical trials for DRF 1042 in India. Under the terms of the
agreement, Dr. Reddys and ClinTec International will co-develop DRF 1042; undertaking Phase II and
Phase III clinical trials, with the aim of securing USFDA and EMEA approvals.
Under the terms of the agreement, Dr. Reddys retains the commercialization rights for the U.S. and
rest of the world markets (excluding ClinTec International territories). ClinTec International will
be granted the commercialization rights for most of Europe including major European markets.
On commercialization of the product, Dr. Reddys will receive royalty on sales by ClinTec
International in its designated territories and ClinTec International will receive royalty on sales
by Dr. Reddys in the U.S. In the event, either party out-licenses the drug product, the proceeds
from such an arrangement will be shared by both the parties in a pre-determined ratio (excluding
Dr. Reddys territories outside the US). Dr. Reddys will also retain the exclusive rights to
supply commercial quantities of the drug product.
The financial terms of the agreement have not been disclosed.
Commenting on the co-development and commercialization deal, GV Prasad, Chief Executive Officer,
Dr. Reddys Laboratories, said, We are excited about the R&D collaboration with ClinTec
International as it will bring a very exciting cancer drug to the market and is a step forward in
our efforts to transform ourselves into a discovery led global pharmaceutical company. ClinTec
International brings to this partnership their vast experience and in-depth expertise in the
anti-cancer clinical development space. We look forward to this exciting collaboration with ClinTec
International.
Dr Rabinder Buttar, President & CEO of ClinTec International, added, We are delighted to be
working with Dr Reddys, which has a strong reputation in the global pharmaceutical industry. We
are impressed with the quality and commitment of Dr. Reddys clinical research staff with whom we
have worked for sometime and we are proud to build on our existing relationship with this company.
We are also proud that ClinTec Internationals expertise and experience in clinical drug
development has been recognized by Dr Reddys and we look forward to a mutually beneficial long
term collaboration.
About Dr. Reddys
Established in 1984, Dr. Reddys Laboratories (NYSE: RDY) is an emerging global pharmaceutical
company with proven research capabilities. The Company is vertically integrated with a presence
across the pharmaceutical value chain. It produces finished dosage forms, active pharmaceutical
ingredients and biotechnology products and markets them globally, with focus on India, US, Europe
and Russia. The Company conducts research in the areas of diabetes, cardiovascular,
anti-infectives, inflammation and oncology.
About ClinTec International
ClinTec International is a privately owned full service global clinical research organization,
which was founded in 1997 by Dr Rabinder Buttar, the companys President & CEO. ClinTec
International is headquartered in Windsor, UK and has a presence in more than 30 countries covering
most of Europe, Middle East, North and South Africa and India. As well as working in the oncology
field, ClinTec International has conducted over 100 clinical trials in many other therapeutic areas
including anti-infectives, cardiology, dermatology,
gastroenterology, neurology, oncology, respiratory medicine and rheumatology. ClinTec International
excels in conducting clinical studies in diverse geographical locations, supported by a team of
world class project managers and clinical research associates.
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ClinTec Internationals fast,
flexible and focused approach to clinical research ensures an added advantage to the drug
development process.
Disclaimer
This press release includes forward-looking statements, as defined in the U.S. Private Securities
Litigation Reform Act of 1995. We have based these forward-looking statements on our current
expectations and projections about future events. Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to differ materially. Such factors
include, but are not limited to, changes in local and global economic conditions, our ability to
successfully implement our strategy, the market acceptance of and demand for our products, our
growth and expansion, technological change and our exposure to market risks. By their nature, these
expectations and projections are only estimates and could be materially different from actual
results in the future.
Contact Information
Dr. Reddys:
Investors and Financial Analysts:
Nikhil Shah at nikhilshah@drreddys.com or on +91-40-55511532
Media:
M Mythili at mythilim@drreddys.com or on +91-40-55511620
ClinTec International:
Mr Bobby Bal
Tel: +44 (0) 1753 834 060
Fax: +44 (0) 1753 622 904
Email: bbal@clintec.com
www.clintec.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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DR. REDDYS LABORATORIES LIMITED
(Registrant)
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By: |
/s/ V. Viswanath
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Date: October 9, 2006 |
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Name: |
V. Viswanath |
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Title: |
Company Secretary |
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