RDY PDUFA decision: a positive outcome, -4.4%

On March 27, 2020, DR REDDYS LABORATORIES LTD reached its PDUFA decision. The result was a positive outcome, and the stock moved -4.4% in the window around the event. It had already run -16.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.