By Rishika Sadam and Kashish Tandon
HYDERABAD, May 9 (Reuters) - India's Dr Reddy's
Laboratories, one of country's largest generic
drugmakers, said that it is open to expanding its manufacturing
footprint in the key U.S. market as tariff threat looms.
"We are more than open to work in the United States, to make
in the United States when the opportunity comes," CEO Erez
Israeli said in a press call on Friday.
"We want to invest (in the U.S.)... we are not rushing,
and we are not obliged to any commitment," he said, adding that
the company is also working to avoid any potential disruption to
its supply chain that tariffs, if imposed, could lead to.
India's drugmakers that derive significant revenue from
North America through their cheaper version of innovator drugs
are on tenterhooks about U.S. tariffs on pharma imports.
The Trump administration, which initially spared the
sector from any kind of duties, is likely to make an
announcement on tariffs in the coming weeks.
The company, which sold its subsidiary and manufacturing
facility in Louisiana in March, said it now just has a niche
plant in New York.
Reddy's on Friday reported a fourth-quarter profit that beat
analysts' expectations, helped by new drug launches in oncology
and other chronic therapy areas and has 20 new launches in the
pipeline for FY26, it said.
Consolidated net profit increased to 15.93 billion rupees
(nearly $187 million) in the quarter ended March 31, beating
estimates of 14.91 billion rupees, as per data compiled by LSEG.
Total revenue increased 20% to 82.11 billion rupees.
Revenue from North America, its biggest market, rose 9% to
35.59 billion rupees, while revenue in Europe more than doubled
to 12.76 billion rupees driven by demand for nicotine
replacement therapy, which Dr Reddy's bought from British
drugmaker Haleon ( HLN ) last year.
Rival Cipla is set to report fourth-quarter
results next week.
($1 = 85.3790 Indian rupees)