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Dr Reddy's Laboratories Ltd. has submitted a preliminary bid for Bradley Pharmaceuticals, news channel CNBC-TV18 said Friday, citing unnamed sources. A spokesperson for Dr Reddy's declined to comment. On Aug. 9, Bradley said it had received preliminary bids for the company, but stopped short of naming bidders.

Sources: Dow Jones
Commentary: Bradley Pharmaceuticals: Reality Check, PleaseBradley Pharmaceuticals Shares Soar on Buyout Offer
Stocks/ETFs to watch: BDY, RDY

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Source: Dr Reddy's Bids for Bradley Pharm -- CNBC