Skip to main content
RDY
NYSE Life Sciences

Dr. Reddy's Receives Second FDA Form 483 in a Month, This Time for Its Srikakulam Plant

Arie Shkolnikov · Analysis by Wiseek AI
More coverage: Pharmaceutical Stocks · Healthcare
Sentiment info
Negative
Importance info
8
Price
$11.8
Mkt Cap
$9.907B
52W Low
$11.36
52W High
$15.67
52W Position info
3.9% above low
Off High info
25% below high
Rel. Volume info
0.4× avg
Market data snapshot near publication time

RDY is trading near its 52-week low of $11.36 (3.9% above the low) on light trading volume (0.4× avg).

Summary

Dr. Reddy's received a Form 483 with three observations from the USFDA after a July 20–29 inspection of its Srikakulam plant, the second FDA warning letter in five weeks.


Key Events · Product Development and Regulatory · RDY

  • Second FDA Form 483 in Five Weeks

    The USFDA issued a Form 483 with three observations after a July 20–29 inspection of the FTO-SEZ Process Unit-02 in Srikakulam, Andhra Pradesh. This follows a Form 483 with seven observations at a biologics facility on June 26.

  • Regulatory Risk Escalates

    Back-to-back Form 483s increase the likelihood of a Warning Letter or import alert, which could disrupt U.S. supplies and delay pending ANDA approvals—a critical risk given the company's recent semaglutide API quality failure.

  • No Immediate Financial Impact Disclosed

    The filing does not quantify any financial impact, but remediation costs and potential revenue delays from approval holds could pressure margins in coming quarters.

  • Response Timeline

    Dr. Reddy's states it will address the observations within the stipulated timeline, but no specific deadline is provided.


Analysis · RDY · Life Sciences

Following a July 20–29 inspection of the FTO-SEZ Process Unit-02 in Srikakulam, the USFDA issued a Form 483 with three observations. This marks the second such notice in just over a month—the first, carrying seven observations, stemmed from a biologics facility inspection in late June. The back-to-back regulatory findings heighten the risk of enforcement action and could stall pending product approvals, adding to the company's recent quality challenges with semaglutide API.

At the time of this filing, RDY was trading at $11.80 on NYSE in the Life Sciences sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $11.36 to $15.67. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.

View Main SEC Filing

Price Chart

Share this article

Copied!

RDY - Latest Insights

RDY
Jul 22, 2026, 1:36 PM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $11.60
Real-time Price: $11.80 info
Change: +$0.200 (+2%) info
Market Cap: $9.907B info
RDY
Jul 22, 2026, 8:35 AM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $12.19
Real-time Price: $11.80 info
Change: -$0.395 (-3%) info
Market Cap: $9.907B info
RDY
Jul 15, 2026, 9:45 AM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $12.88
Real-time Price: $11.80 info
Change: -$1.09 (-8%) info
Market Cap: $9.907B info
RDY
Jul 09, 2026, 6:18 AM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $13.65
Real-time Price: $11.80 info
Change: -$1.86 (-14%) info
Market Cap: $9.907B info
RDY
Jun 30, 2026, 1:36 PM EDT
Filing Type: 6-K
Importance Score:
7
Price at Filing: $14.53
Real-time Price: $11.80 info
Change: -$2.73 (-19%) info
Market Cap: $9.907B info