Despite regulatory and competitive challenges, Dr. Reddy looks better positioned for generics growth
Dr. Reddy's fiscal second-quarter results were negatively impacted by continued U.S. generic price erosion, partially offset by stability in Europe and emerging markets. Since we have already accounted for increased competition in the U.S. generics market and Dr. Reddy's regulatory improvements, we don't anticipate making major changes to our fair value estimate based on this quarter's results. We reiterate our no-moat rating for the company.Dr. Reddy continues to face revenue and margin pressu...
Dr. Reddy's Laboratories is an integrated global pharmaceutical company committed to providing affordable and innovative medicines. Co. derives its revenues from the sale of finished dosage forms, active pharmaceutical ingredients and intermediates, development and manufacturing services provided to innovator pharmaceutical and biotechnology companies, and license fees from marketing authorizations for its products. Co.'s principal areas of operation are in global generics, pharmaceutical services and active ingredients, and proprietary products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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