Dr.Reddy's Laboratories Ltd (REDY.BO)
** Drug developer Alchemia Ltd slumps as much as 57.8 pct to a record low of A$0.035
** The generic drug maker remains confident of a faster resolution of US FDA observations at the Srikakulam plant - CLSA
** Shares of Indian pharmaceutical company Dr.Reddy's Laboratories Ltd gain 1.1 pct
** Pharmaceutical stocks, traditionally seen as defensives, gain on churning ahead of the U.S. Federal Reserve policy meeting outcome on Wednesday
MUMBAI, March 10 - Indian drugmaker Dr.Reddy's Laboratories Ltd is in talks to acquire the Indian operations of Belgian pharmaceutical company UCB SA for about $135 million, said a person with direct knowledge of the matter.
MUMBAI, Feb 2 - Indian shares fell on Monday, continuing their retreat from record highs hit last week as blue-chips including Dr.Reddy's Laboratories extended falls after disappointing earnings, while caution prevailed a day before the central bank's policy review.
** Delay in monetisation of key drugs such as Nexium and Copaxone, which implies low-teen FY16 EPS growth - Credit Suisse