UPDATE 1-India's Dr Reddy's to buy some UCB brands for $128 mln

April 1, 2015 9:01 AM

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* Dr Reddy's says to close deal in Q1 of this financial year (Adds details from statement, analyst comment)

MUMBAI, April 1 (Reuters) - India's second-largest drugmaker by sales, Dr Reddy's Laboratories Ltd, will buy some established brands of Belgian drugmaker UCB SA in South Asia for 8 billion rupees ($128.38 million), the company said on Wednesday.

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