DR REDDY'S SELLS GOA PLANT TO US CO

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Hyderabad-based pharma major Dr Reddy's Laboratories has sold off its manufacturing plant in Goa to US pharma company Watson Pharmaceuticals Inc for an undisclosed sum. "We have signed an agreement to this effect with Watson Pharma sometime back," a company spokesperson told PTI from Hyderabad confirming the development. The financial details cannot be shared because of the confidentiality clause, the spokesperson said, adding that the USFDA approved site at Goa was used for manufacturing generic solid dosages formulations for export to the US market.

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