Dr Reddy's Laboratories Ltd, India's second largest drugmaker by sales, would issue bonus debentures worth 5.20 billion rupees ($116 million) to its shareholders, the company announced.

Davunetide significantly increases neuroprotective biomarker level in schizophrenia patients, Allon Therapeutics Inc studies showed.

Tesetaxel, an oral therapy against advanced gastric cancer, will soon undergo safety studies in humans.

Acetylcysteine can be useful in treating liver failure, results from studies conducted by Cumberland Pharmaceuticals Inc suggest.

SCV-07, an experimental drug to treat oral mucositis caused by chemotherapy, has been shown to delay the occurrence of the severe form of the disease.

Indian generic firm Indoco Remedies has entered into a supply arrangement with South Africa's Aspen on ophthalmic products for emerging markets.