Dr. Reddy's Laboratories announces the launch of Versavo? (bevacizumab biosimilar) in India
[caption id="attachment_9277" align="aligncenter" width="747"] Press Release[/caption]
Hyderabad, India, August 19, 2019 ? Dr. Reddy?s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY)
announced today that it has launched Versavo? (bevacizumab), a biosimilar of Roche?s Avastin? in India, indicated
for the treatment of several types of cancers (metastatic colorectal cancer, non-squamous non-small cell lung cancer,
recurrent glioblastoma, metastatic renal cell carcinoma, cervical cancer, metastatic breast cancer and epithelial
ovarian, fallopian tube and primary peritoneal cancer).
Dr. Reddy?s Versavo? is available in strengths of 100mg and 400mg single use vials.
Commenting on the launch, MV Ramana, CEO - India and Emerging Markets, Dr. Reddy?s Laboratories, said, ?We
regard the good health of our patients as our responsibility and are committed to ensure that they always have
access to the medicines they need. The launch of Versavo? is another step in that journey and helps strengthen our
Oncology portfolio.?
Dr. Raymond De Vr?, Global Head, Biologics, Dr. Reddy?s Laboratories added ?Versavo? will help improve access to
high quality therapy at an affordable cost, addressing the needs of patients with different cancers in India.?
Avastin? and its biosimilars had India sales of approximately INR 223 Crore MAT for the most recent twelve months
ending in December 2018, according to Ipsos*.
Dr. Reddy?s now has six biosimilar products commercialized in India and various emerging markets and an active
development pipeline of several biosimilar products in the oncology and immunology space.
*Ipsos India Tandem Oncology Monitor 2018
About Biosimilars
Biosimilarity means1
:
That the biological product is highly similar to the reference product notwithstanding minor differences in clinically inactive
components; and,
There are no clinically meaningful differences between the biological product and the reference product in terms of the safety, purity,
and potency of the product.
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About Dr. Reddy?s: Dr. Reddy?s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY) is an integrated pharmaceutical company, committed to providing
affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services & Active Ingredients, Global Generics and
Proprietary Products ? Dr. Reddy?s offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, biosimilars and
differentiated formulations. Our major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology. Dr.
Reddy?s operates in markets across the globe. Our major markets include ? USA, India, Russia & CIS countries, and Europe. For more information, log on to:
www.drreddys.com
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