The new oral pill seeks to address low testosterone levels – the underlying cause of decreased libido in men.
Dr Reddy's will also close down research facility in Atlanta.
SBIRI supports high-risk pre-proof-of-concept research and late stage development in small and medium Indian companies.
The diclofenac 75mg / 1ml injection is used to manage acute pain.
Pfizer, the world's largest drug maker, has acquired rights to 55 generic pills and 20 injectables for more than 70 emerging and developed markets through new deals.