Dr. Reddy’s obtains FDA OK for generic Nuvaring

Dr. Reddy's has received the Food and Drug Administration’s stamp of approval for VeraRing.

The product is the generic of Merck's Nuvaring.

[Read more: Dr. Reddy's releases generic Akovaz]

Dr. Reddy's will be the fourth company to launch generic Nuvaring.

Nuvaring reportedly had a market value of $800 million.

[Read more: Dr. Reddy's intros generic Revlimid in Canada]