Corrected: BUZZ-India's Dr Reddy's falls on semaglutide supply delay due to API issue
CORRECTED-BUZZ-India's Dr Reddy's falls on semaglutide supply delay due to API issue Corrects headline and text to say Dr Reddy's will delay semaglutide supply, not production
** Dr Reddy's Laboratories REDY.NS fell as much as 2.7% to 1,312.10 rupees, before paring losses to trade 0.4% lower
** Pharmaceuticals co says commercial supply of semaglutide will be delayed due to an issue associated with the active pharmaceutical ingredient
** "There is no impact on patient safety or on the product's existing global regulatory filings," REDY says
** YTD, REDY up ~4%
(Reporting by Vijay Malkar)
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