July 14, 2015 / 5:02 AM / 2 years ago

BUZZ-India's Dr.Reddy's rises on generic drug launch

** Dr.Reddy’s Laboratories rises as much as 1.9 pct to record high

** Launches memantine hydrochloride tablets, a copy of Actavis Plc Alzheimer’s drug Namenda, in United States

** The drug has a market size of $1.4 bln in United States as per IMS Health and will have about 10 players competing - analysts

** “We expect Dr Reddy’s to garner revenues of $10-$15 mln upon launch,” analyst Sapna Jhawar at Reliance Securities wrote in a note (RM: abhishek.vishnoi.thomsonreuters.com@reuters.net)

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