Dr. Reddy's Invests $10M in Coya Therapeutics' Private Placement

sábado, 31 de enero de 2026, 6:52 am ET1 min de lectura
COYA--
RDY--

Dr. Reddy's Laboratories (RDY) invested $10 million in Coya Therapeutics' private placement, raising approximately $11.1 million to enhance manufacturing capabilities for COYA 302. The funds will be used to scale manufacturing of low-dose IL-2. Coya plans to utilize the net proceeds to enhance technical transfers and commercial preparation of COYA 302. Dr. Reddy's Laboratories has a strong presence in North America and a robust portfolio of injectables and branded generics. The company has demonstrated robust financial performance and strong financial health.

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