DR.REDDY'S PRODUCTS FOR ALLEGEMEINE INSURANCE COMPANY

DR.REDDYS LABORATORIES has won the bid for marketing of its products from Allegemeine Ortskrankenkasse (AOK) tender. The insurance company called bids to buy 44 Active Pharmaceutical ingrediants out of 66 products, woth $ 3.5 billions. Dr.Reddy's subsidiary Betapharm won this bid for 7 products. Allegemeine Ortskrankenkasse provides insurance cover to about 24 million publicly insured Germans. The 64 products, which are on bid, represented sales of $ 2.98 billions in 2007. Dr.Reddy's contract with Salutas will be ended, which had problems on that contract, which was the supplier of most products.