Dr. Reddy's Laboratories to Divest Shreveport Manufacturing Facility

Dr. Reddy's Laboratories Ltd. The company has agreed to sell its Shreveport, Louisiana manufacturing facility, which is operated by its subsidiary, Dr. Reddy's Laboratories, Inc. This deal aligns with the company's on-going efforts at optimizing its global manufacturing operations. The Shreveport facility manufactures solid and liquid oral dosage forms. The transaction aligns with the efficiency enhancement and resource re-allocation focus of Dr. Reddy's on core growth areas. The deal is subject to customary closing conditions and regulatory approvals. The group didn't disclose the financial terms of the deal. 

Source: The Times