Home BUSINESS Dr. Reddy's investment in industry digital initiatives

Dr. Reddy's investment in industry digital initiatives

[ad_1]

Drug maker Dr. Reddy's laboratories said it has entered into an agreement with ABCD Technologies LLP, an industry digital initiative to promote efficiency in the pharma supply chain. It is contributing ₹ 40 crore to the firm, which has been renamed Indo-Legis Services LLP.

The overall contribution is scalable with the same share of profit / loss corresponding to the contribution of the other partners. For now, it accounts for 20% of the profit / loss in the firm, Dr. Reddy said, adding that there is a regulatory filing.

Sun Pharmaceutical Industries, Lupine, Cadila Healthcare and Torrent Pharma are other pharmaceutical manufacturers that have recently entered into such partnership agreements with ABCD Technologies.

Dr. Reddy said that the transaction is in line with the strategy of accelerating access and affordability of medicines for all and leveraging digital technology and infrastructure for this. The proposed business of ABCD Technologies will be taken forward with the objective of facilitating the digitization of healthcare infrastructure in India to enhance good distribution practices, including support for the National Digital Health Mission of the Center.

ABCD Technologies will be the holding entity through another LLP or subsidiaries and conduct business.

[ad_2]

Source

Must Read

Do not agree with the claim that Huawei will be blocked: Jay Chen

For the purchase of telecommunications equipment & # 39; reliable sources & # 39; There is uncertainty about the inclusion of the Chinese...

India condemns violence in Myanmar, urges maximum restraint

United Nations: India has condemned the violence Myanmar And mourned the loss of life, as it urged and called for maximum...

Rajinikanth honored with Dadasaheb Phalke Award

The honor is considered India's highest award in cinema. Five days ahead Tamil Nadu ElectionThe Narendra Modi government on Thursday announced the Dadasaheb Phalke...

Split Trap Center, 8 32,835 Crore., Betters revised estimates

Government. Originally budget of 2.10 lakh crores. The government has withdrawn ₹ 32,835 crore from CPSE's share sale and buyback, thus exceeding the disinvestment...

California shooting: At least 4 deaths including child in business complex shooting in Orange city World News

Los Angeles: A Shooting in Southern California Police said the office building on Wednesday killed four people, including a child, and...