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Dr Reddy's sees no impact from pricing regulator notice
May 19, 2017 / 11:03 AM / 7 months ago

Dr Reddy's sees no impact from pricing regulator notice

MUMBAI (Reuters) - Dr Reddy’s Laboratories Ltd, India’s second-largest drugmaker by sales, said it expects no impact from a recent government notice that said the company is selling a high blood pressure drug that lacks the pricing regulator’s approval.

FILE PHOTO: Pharmaceutical tablets and capsules are arranged on a table in a photo illustration shot September 18, 2013. REUTERS/Srdjan Zivulovic/Illustration/File Photo

India’s drug pricing regulator, the National Pharmaceutical Pricing Authority (NPPA), issued a show-cause notice to dozens of Indian and foreign drugmakers, who according to them, were selling medicines without NPPA approval on pricing. Calling it a violation of the country’s drugs law, the agency has sought an explanation from these companies by June 15.

Dr Reddy’s Telsartan Trio Active, which is used to treat high blood pressure and diabetic kidney disease, was included in the list.

“Dr Reddy’s is in compliance with the NPPA’s norms,” a company spokeswoman told Reuters in an emailed statement on Friday.

“There is a discrepancy in data compilation by NPPA and we will communicate it to them appropriately,” she added. The company did not immediately respond to a request for further clarifications.

($1 = 64.6550 Indian rupees)

Reporting by Zeba Siddiqui in Mumbai; Editing by Sherry Jacob-Phillips

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