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January 26, 2021 · PDUFA decision

RDY PDUFA decision: a positive outcome, -5.2%

On January 26, 2021, DR REDDYS LABORATORIES LTD reached its PDUFA decision. The result was a positive outcome, and the stock moved -5.2% in the window around the event.

The move

$13.87
1d before
$13.72
Event day
$13.15
1d after
$11.83
5d after

Pre-catalyst setup

+0.5%
30-day run-up
1925%
30-day volatility
0.8×
volume spike