Dr. Reddy's Faces Securities Fraud Probe After Weak Q1 Earnings
Dr. Reddy's reported weak Q1 fiscal 2027 earnings, with EPS of $0.06 after booking a ₹2.4 billion provision tied to defective semaglutide batches, weighing on EBITDA margins and sending shares down 9.4%. Pomerantz LLP is investigating possible securities fraud over the results. Separately, Hutchmed shares rose on a GSK licensing deal worth $1.3 billion.