Free Newsletter
Dr Reddy's ready for new challenges?
Looking to diversify, Indian pharma Dr. Reddy's Laboratories is mulling a move into retail pharmacies and even health insurance. The health insurance idea isn't as novel as it might appear; last month, India's Apollo Hospital Group teamed up with European insurer DKV to start a health insurance company on the subcontinent.
It's an expensive venture, though; insurance companies are required to put up 1 billion rupees, or about $24.5 million at current exchange rates. And though less than 3 percent of the Indian population is insured, there are 15 companies already offering health insurance.
Analysts say that opening retail pharmacies would be expensive for Dr. Reddy's, too - considering real estate, staffing, and the like. But the market is worth $5 billion, and the company does already have a nationwide distribution network.
- read more from the Economic Times of India
Related Articles:
Rumor Mill: Dr. Reddy's bids for Bradley Report
Dr. Reddy's makes risky biogenerics move Report
Dr. Reddy's to buy Betapharm in $570M deal Report
Comments
Maybe Dr. Reddy's can start a healthcare insurance franchise in the US. Look out Excellus!
John, Hillary, Obama - any comments?
Post new comment
Paid Research Reports
- Stakeholder Opinions: Vaccines in Emerging Markets (Asia) - Opportunities in China, India, South Korea and Taiwan
- Big Pharma Performance Before, During and Beyond the Global Recession
- Optimizing Lifecycle Management: Maximizing commercial lifespan through label expansion and combination products
- The CRO Market Outlook: Emerging markets, leading players and future trends
- Pharmaceutical Sales Force Effectiveness Strategies
- Commercial Insight: Influenza Vaccines and Antivirals - The pandemic's long-term impact





