Dr.Reddy's Laboratories Ltd (REDY.NS)
3 Aug 2015
** Dr.Reddy's Laboratories rises as much as 1.9 pct to record high
** 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.