Dr. Reddy’s Laboratories is an Indian multinational pharmaceutical company located in Hyderabad, Telangana, India. The company was founded by Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited.
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Cyber Attack on Dr. Reddy’s Laboratories
Dr. Reddys Laboratories, a pharmaceutical major, isolated all data center services worldwide after a cyberattack was detected.
Last week, Dr. Reddys Laboratories and Russia’s State Fund announce that they have received approval from the Indian Drug Control General (DCGI) to conduct a Phase 2/3 adaptive human clinical trial for Sputnik V vaccines in India.
Dr. Reddy’s Laboratories Stock price dropped after attack
The share price of Dr. Reddys Laboratories fell on reporting the data breach. The stock traded 1.19 percent lower at Rs 4,986.90 on the BSE at 10:55 am.
“After a cyber attack was detected, we isolated all data center services in order to take the necessary preventive measures,” said Dr. Reddy in a message to the press.
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