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9:07 am - Tuesday January 23, 2018

Dr Reddy’s Labs announces settlement with US Govt regarding compliance with the Consumer Product Safety Act

Agencies, Mumbai

Pharma Major, Dr Reddy’s Laboratories said that its US subsidiary has reached a settlement with the US government in a case that is more than is more than six year old,involving packaging of five blister-packed prescription products.

The company and US Department of Justice agreed to the settlement of the action without any adjudication of any issue of fact or law.

Dr. Reddy’s has taken this investigation seriously, cooperating with the Government over the past six years. The safety of patients and consumers is of paramount importance to Dr. Reddy’s, and the Company firmly disagrees with the Government’s allegations.

However, in order to avoid any unnecessary costs and the distractions of prolonged litigation, the company has chosen to settle the matter for USD five million.

Dr. Reddy’s is not aware of any reports that any child gained access to these products as a result of the packaging or that any of the products caused children harm as a result of the packaging.

These products have not been distributed in the packaging at issue since June 2012.
Dr. Reddy’s remains firmly committed to complying with all applicable requirements of the Consumer Product Safety Act, including applicable packaging and reporting requirements.

Posted in: Business

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