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Dr. Reddy's faces investigation after Q1 earnings hit by costly semaglutide batch issues.

Market News
17 Sep 2026
PRNewsWire
View Source
Bearish
Dr. Reddy's faces investigation after Q1 earnings hit by costly semaglutide batch issues.

Dr. Reddy's Laboratories reported a weak Q1 fiscal 2027 with earnings per share of $0.06, impacted by a ₹2.4 billion provision for defective semaglutide batches. This led to a 9.4% stock price drop. Pomerantz LLP is investigating whether the company and its executives engaged in securities fraud or other unlawful practices. Investors affected by the stock drop are encouraged to contact the law firm for potential class action participation.

Dr. Reddy's Laboratories Limited is the subject of an investor alert amid a legal investigation. For readers following health-sector stocks, here is Pluang's market snapshot as of Sep 17, 2026 21:11 WIB: out of 91 priced US health-sector stocks tradable on Pluang, 59 rose and 31 fell today. Notable movers include AbCellera Biologics Inc (ABCL) with a price of USD 12.38 and a 1-day change of +6.08%, Crispr Therapeutics AG (CRSP) at USD 55.17 with +5.67%, and Recursion Pharmaceuticals Inc (RXRX) at USD 3.37 with +5.64%.

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