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Actionable news in RDY: DR REDDY'S LABORATORIES LIMITED AMERICAN DEPOSITARY SHARES,

Dr. Reddy's Falls Most in 11 Years on U.S. FDA Warning

Dr. Reddy’s Laboratories Ltd. plunged, falling the most in 11 years after receiving a warning letter from the U.S. Food and Drug Administration over manufacturing facilities making pharmaceutical ingredients and oncology products.

The warning letter was related to the company’s facilities making active pharmaceutical ingredients in Srikakulam, Andhra Pradesh and Miryalaguda, Telangana in southern India as well as an oncology products facility, the company, India’s second largest drugmaker, said in a statement today.

Pharmaceutical companies in India and China have come under greater scrutiny from the FDA as these countries supply an increasing portion of the generic drugs and...


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