Dr Reddy's completes sale of its Louisiana subsidiary
This sale includes its manufacturing facility in Shreveport, La.
Dr. Reddy's Laboratories, USA, a wholly owned subsidiary of the company, has successfully completed the sale of all issued and outstanding membership interests in its wholly owned subsidiary Dr. Reddy's Laboratories Louisiana, including the manufacturing facility located in Shreveport, La. on March 21.
[Read more: Dr. Reddy’s sells 14 generic non-strategic assets to Senores Pharma for U.S. expansion]
Dr. Reddy's Laboratories Louisiana has ceased to be a wholly owned subsidiary of Dr. Reddy's Laboratories and a step-down wholly owned subsidiary of Dr. Reddy's Laboratories effective March 21.