Dr Reddy’s Laboratories Ltd, India’s second largest drug maker by revenue that is broadening its focus on innovative products and services in the larger healthcare market, said on Wednesday (25, May) that it has acquired a range of consumer health or over-the-counter brands from the US-based Ducere Pharma Llc for an undisclosed sum.
The Indian drug maker said the acquisition of this eminent portfolio of over-the-counter brands is mainly in the cough-and-cold, pain and dermatology categories. The key six brands include Doan’s, Bufferin, Nupercainal, Ointment, Cruex nail Gel, Comtrex, and Myoflex. “These legacy products enjoy strong brand equity built over several decades,” said Alok Sonig, executive vice president and head of Dr Reddy’s in the US. “We are extremely excited to be entering the branded consumer health arena through these brands and embarking upon the next avenue of growth for our OTC business in the US,” he added. According to Sonig, Dr. Reddy’s will build upon the sales and marketing efforts for these brands and continue to focus on their expansion into existing and new market channels.