The lotion will benefit patients of the skin pigmentation disorder in India, Dr Reddy's said in a statement.
Drug firm Dr Reddy's Laboratories today launched Melgain lotion used for treatment of vitiligo, a skin disorder in India under a partnership with Issar Pharmaceuticals Pvt Ltd.
The lotion will benefit patients of the skin pigmentation disorder in India, Dr Reddy's said in a statement.
"Melgain lotion is safe and efficacious in vitiligo cases involving various areas of the body, as established by a number of clinical studies. Its safety is well established for treating children as well," it added.
It leads to re-pigmentation in 80 percent to 90 percent of patients, as compared to 60 percent of patients who respond to other medical treatments such as corticosteroids and phototherapy, Dr Reddy's said.
"Vitiligo is a skin disease that leads to white patches on the body due to the loss of normal skin pigment called melanin. It is a very common disease that affects all races, and is estimated to affect about 5 crore people in India," it added.
Melgain lotion's unique mechanism of action enhances re-pigmentation when used in combination with other therapies, Dr Reddy's said.
Shares of Dr Reddy's Laboratories today closed at Rs 2,434 apiece on BSE, up 0.08 percent from previous close.
Dr Reddys Labs stock price
On June 12, 2014, Dr Reddys Laboratories closed at Rs 2434.00, up Rs 2.05, or 0.08 percent. The 52-week high of the share was Rs 2939.80 and the 52-week low was Rs 2025.00.
The company's trailing 12-month (TTM) EPS was at Rs 113.51 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 21.44. The latest book value of the company is Rs 570.62 per share. At current value, the price-to-book value of the company is 4.27.
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