Dr. Reddy's Labs stock rises 3% on £500 million Nicotinell acquisition plans

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The acquisition includes an upfront cash payment of £458 million and performance-based contingent payments of up to £42 million [{ "selector": ".qifjt-a", "duration": "500ms", "fill": "forwards", "delay": "350ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".dopsm-a", "duration": "500ms", "fill": "forwards", "delay": "1200ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".zmstc-a", "duration": "500ms", "fill": "forwards", "delay": "1200ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }] Open Demat A/C

The collaboration will encompass NRT Brand Nicotinell and local variants Nicabate, Habitrol, and Thrive in local market outside US [{ "selector": ".oppot-a", "duration": "500ms", "fill": "forwards", "delay": "350ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".zwrts-a", "duration": "500ms", "fill": "forwards", "delay": "1200ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".tjxnc-a", "duration": "500ms", "fill": "forwards", "delay": "1200ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }] Open Demat A/C

Acquisition of the four brands, including Nicotinell, had overall sales of GBP 217 million [{ "selector": ".qbpwi-a", "duration": "500ms", "fill": "forwards", "delay": "350ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".bwonc-a", "duration": "500ms", "fill": "forwards", "delay": "1200ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".zrsfk-a", "duration": "500ms", "fill": "forwards", "delay": "1200ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }] Open Demat A/C

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