Data breach prompts India’s Dr Reddy’s to shut key plants - Hindustan Times
close_game
close_game

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

Bengaluru | ByReuters | Posted by Niyati Singh
Oct 22, 2020 03:14 PM IST

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%.

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.

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)
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)

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%.

Hindustan Times - your fastest source for breaking news! Read now.

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.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On