IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Dr. Reddy’s Expands Presence in Africa

11:28 AM MDT | June 27, 2007 | Deepti Ramesh

Dr. Reddy’s Laboratories (Hyderabad), one of India’s largest pharmaceutical companies, has opened an office in Lagos, Nigeria as part of plans to expand its presence in Africa. The Lagos operation is Dr. Reddy’s 28th overseas office and aims to tap into Nigeria’s $280-million/year pharmaceutical market. Dr. Reddy’s says it also plans to start operations in Morocco. “We are entering the Nigerian market with key products, and they will be made available at a fraction of the cost that multinationals are offering for products of...

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