Dr. Reddy’s, Novartis India terminate agreement
Summary
- Dr. Reddy’s and Novartis India have terminated their existing agreement.
- Novartis India will re-acquire exclusivity for certain products.
- Dr. Reddy’s had earlier been granted exclusive rights to promote, distribute and sell these products.
Key Facts
- · Termination of agreement between Dr. Reddy’s and Novartis India
- · Re-acquisition of exclusivity by Novartis India
- · Exclusive rights for product promotion, distribution and sales
Why it matters
The agreement termination may impact the market share and distribution of certain products in the pharmaceutical industry.
#Pharmaceutical industry#Business agreements#Market access