Dr. Reddy's Laboratories to acquire the US perscription unit of Mayne Pharma for $105m.

Dr. Reddy's Laboratories, a global pharmaceutical company headquartered in Hyderabad, India, agreed to acquire the US perscription unit of Mayne Pharma, an ASX-listed specialty pharmaceutical company, for $105m. "The US has always been an important market for us. The portfolio of products acquired from Mayne Pharma is a strategic fit with our growth objectives. The portfolio includes some high entry-barrier products. It also complements our existing portfolio by introducing products focused on women’s health. Our strong balance sheet enables us to acquire products of strategic importance to strengthen our base business and build for long-term growth," Erez Israeli, Dr. Reddy’s CEO.