All you need to know about Dr. Reddy and its competitors
The pharmaceutical and life sciences industry is one of the most crucial and thriving industries in the world. It is one of those industries that require a lot of initial investment. The pharmaceutical industry is intrinsically a part of the healthcare industry. The mission of the pharmaceutical industry is to come up with different kinds of drugs that can prevent infection, cure diseases, and help you to maintain a good health. International regulatory bodies such as the World Health Organization (or WHO), Medicines and Healthcare Products Regulatory Agency (or MHRA), and US Food and Drug Administration (or FDA) ensure that drug safety is maintained.
All about Dr. Reddy
Dr. Guru N Reddy is a pharmaceutical company that has its headquarters in Hyderabad, in India. The company was first started by Anji Reddy in the year 1984 and since then has been producing several pharmaceutical products not only in India but also overseas. By 1987, Dr. Reddy’s has transcended from being a supplier of ingredients to other pharmaceutical companies to being a company that manufactures pharmaceutical products. In 1992 Dr. Reddy’s first stepped into an overseas by tying up with Biomed, the biggest pharmaceutical producer in Russia.
The strengths of Dr. Reddy’s are that it has a strong and large workforce of around fifteen thousand employees. By acquiring Beta Pharma they made their presence in Europe and also were exposed to a wide range of generic products. By acquiring Chirotech they had at their disposal Biocatalyst and Chiral technology. One of their greatest contributions is Peg-GrafeelTM, an inexpensive drug used to combat infection from chemotherapy. They can further leverage their Biologics & Cytotoxic Infrastructure to tap into the needs of the oncology sector.
Competitors of Dr. Reddy
Like any other big company, Dr. Reddy’s also has its competitors. Some of them are:
Sun Pharma: Sun Pharma is an Indian pharmaceutical company that has its headquarters in Mumbai. It sells its products mainly in India and the US. Its drugs mainly cater to the cardiology, neurology, gastroenterology, psychiatry sectors.
Cipla: Cipla is an Indian pharmaceutical company that also operates in other countries in the world. It has its headquarters in Mumbai. It primarily produces drugs for diabetes, arthritis and respiratory and cardiovascular diseases.
Lupin: This pharmaceutical company was founded by Desh Bandhu Gupta in 1968. It was the largest manufacturer of tuberculosis drugs in the world. It also caters to the cardiovascular sector.