Dr Reddy's sells cosmetic derma brands to Eris for Rs 275 crore

“India is a focus market for us. We aspire to break into the top 5 in India," said M.V. Ramana, CEO – Branded Markets (India& Emerging Markets). "Today ’s announcement is in line with our stated intention of pursuing a strategy that involves growing brands organically combined with acquisitions that are a strategic fit and divestment of non-core brands," Ramana added.
Source: The Economic Times Healthcare and Biotech News - Category: Pharmaceuticals Source Type: news