This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – July 6, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Dr. Reddy’s Laboratories (RDY - Snapshot Report), Roche (RHHBY - Analyst Report), Watson Pharmaceuticals, Inc. , Novartis AG (NVS - Snapshot Report) and Bristol-Myers Squibb & Co. (BMY - Analyst Report).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Dr. Reddy’s Adds to Generic Portfolio
Dr. Reddy’s Laboratories (RDY - Snapshot Report) recently announced the launch of its generic version of Roche’s (RHHBY - Analyst Report) Boniva following the receipt of US Food & Drug Administration (FDA) approval for its Abbreviated New Drug Application (ANDA).
Dr. Reddy’s launched its generic version of Boniva tablets (150 mg) in the US on June 29, 2012. Boniva is marketed for treating or preventing osteoporosis in women after menopause. It also helps to reduce the chances of spinal fracture.
As per IMS Health, the Boniva brand and generic recorded sales of around $486 million in past year (ending March 31, 2012). Notably, Watson Pharmaceuticals, Inc. also launched its generic version of Boniva tablets (150 mg).
Dr. Reddy’s had quite a few generic launches this year. In May 2012, it launched its generic version of Novartis AG’s (NVS - Snapshot Report) over-the-counter (OTC) drug, Prevacid. The FDA had approved the ANDA for 15 mg formulation of the generic drug.
Dr. Reddy’s also announced the US launch of its generic version of Bristol-Myers Squibb & Co.’s (BMY - Analyst Report) blood thinner Plavix a few days back. The FDA approved the ANDA for 75 mg and 300 mg formulations of the generic version of the drug. Plavix lost patent exclusivity in the US on May 17, 2012.
We currently have a Neutral recommendation on Dr. Reddy’s. We believe that generic launches will continue to contribute to Dr. Reddy’s Global Generics segment’s revenues, which climbed 32% to $1.38 billion in the first quarter of 2012.
Primary contribution came from North America (up 68%), followed by Russia and other CIS (Commonwealth of Independent States) markets (up 22%) and India (up 11%). Growth was mainly driven by new generic launches and was aided by an increase in the sales volume. The company carries a Zacks #4 Rank (Sell rating) in the short run.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339