Dr. Reddy's Results Hampered by U.S. Market Erosion and Ongoing Regulatory Issues
Dr. Reddy's fiscal fourth-quarter performance was hampered by a 5% decline in revenue due to ongoing pricing erosion in the U.S. and a lack of offsetting product launches. We don't plan a major change in our fair value estimate as product launches and some eventual stability in U.S. pricing should improve results. Regardless, we are reiterating our no-moat rating as the tough competitive environment diminishes our long-term outlook for generic drug manufacturers.ÂThe tough competitive dynamic i...
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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