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Dr. Reddy's faces securities fraud probe after Q1 earnings hit by semaglutide batch issues.

Market News
24 Sep 2026
PRNewsWire
View Source
Bearish
Dr. Reddy's faces securities fraud probe after Q1 earnings hit by semaglutide batch issues.

Pomerantz LLP is investigating Dr. Reddy's Laboratories for possible securities fraud following the company's Q1 fiscal 2027 earnings report. The report revealed earnings per share of $0.06, negatively impacted by a ₹2.4 billion provision for out-of-specification semaglutide batches. This led to a 9.4% drop in the stock price. The investigation will determine if Dr. Reddy's and its executives engaged in unlawful business practices, affecting investor confidence and potentially leading to legal action.

Regarding Dr. Reddy's Laboratories Limited, here is Pluang's health sector market snapshot as of Sep 25, 2026 05:51 WIB: Out of 100 priced health-sector US stocks tradable on Pluang, 40 rose and 60 fell today. Notable movers include NUWE at USD 0.80 with a 1-day change of -5.77%, DGX at USD 232.90 down 5.51%, and OSCR at USD 28.89 down 5.37%.

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