Reddy's (betapharm) receives preliminary results on AOK tender in Germany
The tender procedure is yet to be concluded and is expected to face the potential legal objections by several companies.
By ET Online |
MUMBAI: Betapharm AG, a subsidiary of Dr Reddys Laboratories has received completed information on the preliminary result of the tender by the Allgemeine Ortskrankenkassen for discount agreements for 47 of the 48 products pertaining to Betapharm, pursuant to $130a SGB V. Betapharm has tentatively offered 8 products in different regions of Germany covering that AOK-insured persons.
The tender procedure is yet to be concluded and is expected to face the potential legal objections by several companies. On signing the final contracts with AOK, Betapharm will be sole supplier for AOK-insured persons for these products in the awarded regions.
The company shares were up 0.37 per cent to Rs 483 on BSE.
The tender procedure is yet to be concluded and is expected to face the potential legal objections by several companies. On signing the final contracts with AOK, Betapharm will be sole supplier for AOK-insured persons for these products in the awarded regions.
The company shares were up 0.37 per cent to Rs 483 on BSE.
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