The net profit of Dr. Reddy’s Laboratories fell down by 26 per cent in Q1 of the exiting fiscal. This fall is noticed due to increase in selling and general and administrative expenses suffered by company for the period of Q1.
Pune-based Bilcare along with US-based Meadwestvaco Corporation have jointly acquired International Labs, a Florida-based pharmaceutical packaging company, for an undisclosed amount.
Celestial Labs, leading developer of biopharmaceuticals and industrial enzymes, has acquired the channel partnership of Microsoft to strengthen its ERP business.