By Debdeep Gupta | January, 24 2025
Dr Reddy's stock plunges 6% as Revlimid revenue concerns loom large despite positive Q3 earnings
while drugmaker dr reddy's laboratories' q3 earnings were slightly above the street's estimates, the highlight of the show was the declining revenue contribution from revlimid, which also weighed on margins. with revlimid, the blockbuster cancer drug and a key growth driver for dr reddy's in recent years, approaching its patent expiry in january 2026, concerns about potential revenue loss are mounting.the concerns also triggered a 6 percent fall