DR. REDDY'S WILL SELL ULCER DRUG IN U.S.

Dr. Reddy's Laboratories, India's third-largest drugmaker, has received initial approval from the FDA to sell a drug used to treat ulcers in the U.S.

The approval covers 20-mg tablets of Famotidine, a drug used to treat ulcers, gastroesophageal reflux disease and conditions where the stomach produces too much acid.