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Home / Business News / Data breach prompts India’s Dr Reddy’s to shut key plants

Data breach prompts India’s Dr Reddy’s to shut key plants

Shares of the company, which has a partnership to run clinical trials of Russia’s Sputnik-V Covid-19 vaccine in India, fell as much as 4.3% on the news, dragging the Nifty pharma sub-index down 2%.

business Updated: Oct 22, 2020, 15:14 IST
Reuters | Posted by Niyati Singh
Reuters | Posted by Niyati Singh
Bengaluru
The data breach occurred at servers of the company and plants in the United States, United Kingdom, Brazil, India and Russia were impacted, according to media reports.
The data breach occurred at servers of the company and plants in the United States, United Kingdom, Brazil, India and Russia were impacted, according to media reports.(File photo for representation)

A data breach at Dr Reddy’s Laboratories Ltd prompted the Indian drugmaker to shut its key plants globally, television channel ET Now reported on Thursday, citing sources.

Shares of the company, which has a partnership to run clinical trials of Russia’s Sputnik-V Covid-19 vaccine in India, fell as much as 4.3% on the news, dragging the Nifty pharma sub-index down 2%.

The data breach occurred at servers of the company and plants in the United States, United Kingdom, Brazil, India and Russia were impacted, the ET Now report said.

Dr Reddy’s did not immediately respond to Reuters’ queries.

The Russian Direct Investment Fund (RDIF) and Dr Reddy’s got renewed approval to conduct late-stage clinical trials in India for the Sputnik-V vaccine after the country’s regulator had earlier asked them to conduct a smaller trial.

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