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Dr Reddy’s to acquire select Anti-Allergy brands from Glenmark in Russia, Ukraine, Kazakhstan, Uzbekistan

Hyderabad, Nov 28 (UNI) Dr Reddy’s Laboratories Limited along with its subsidiaries together on Saturday announced that it has entered into a definitive agreement with Glenmark Pharmaceuticals Ltd to acquire, subject to completion of certain precedent actions and closing activities, brands Momat Rino (for Russia, Kazakhstan and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), Glenspray and Glenspray Active (for Ukraine), along-with rights to the trademarks, dossiers and patents for the territories mentioned.
The acquired brands represent two types of products, mometasone mono product and combination of mometasone with azelastine, and are indicated for the treatment of Seasonal and Perennial Allergic Rhinitis, a company statement here said.
M V Ramana, Chief Executive Officer, Branded Markets (India and Emerging Markets) of Dr. Reddy’s said, "The new brands are a great addition to our product portfolio in Russia, Ukraine, Kazakhstan and Uzbekistan which are important core markets for us. Momat Rino, the largest brand acquired, has recently received OTC registration in Russia and this will enable accelerated access of this product to patients.
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MTAI urges govt to cut in customs duties, rollback health cess in Union Budget 2021-22

16 Jan 2021 | 12:31 AM

Hyderabad, Jan 15 (UNI) Medical Technology Association of India (MTaI), which represents leading research-based medical technology companies with large footprint in manufacturing and training in India, on Friday urged the government to promptly reduce customs duties and rollback health cess in the coming Union Budget 2021-22 to help the medical device sector overcome the severe financial crisis created by COVID-19 pandemic.

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High command closely watching outburst by party Legislators on Cabinet expansion: BJP Karnataka Chief

16 Jan 2021 | 12:29 AM

Mangaluru, Jan 15(UNI) BJP Karnataka President and Lok Sabha member Nalin Kumar Kateel on Friday warned those speaking against Chief Minister B S Yediyurappa and BJP to remain cautious as party high command is closely watching them.

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Actor Abhishek Ambarish launches Ram Mandir fund collection drive in the City of Palaces

16 Jan 2021 | 12:09 AM

Mysuru, Jan 15(UNI) The fund raising drive for the construction of Sri Ram Mandir at Ayodhya in Uttar Pradesh, the birth place of Lord Ram, began in the city with the Mysuru Unit of Sri Ram Janmabhoomi Theertha Kshetra Trust starting ‘Sri Ram Mandir Nirman Nidhi Samarpana Abhiyana’ in front of Kote Anjaneyaswamy temple at Palace North Gate.

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Defence Min unveils India's first driver-less Metro Train

Defence Min unveils India's first driver-less Metro Train

15 Jan 2021 | 11:50 PM

Bengaluru, Jan 15 (UNI) Defence Minister Rajnath Singh unveiled the country's first indigenously designed and developed driverless Metro car, here on Friday.

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Iran's new Consul General meets Telangana Home Min

15 Jan 2021 | 11:36 PM

Hyderabad, Jan 15 (UNI) New Consul General of Iran, Mohammad Hussein Bani Asadi, met with Mohammad Mahmood Ali, Telangana Minister for Home at the latter's office on Friday.

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