RDY PDUFA decision: a positive outcome, +3.8%

On March 16, 2020, DR REDDYS LABORATORIES LTD reached its PDUFA decision. The result was a positive outcome, and the stock moved +3.8% in the window around the event. It had already run -11.9% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.