Dr. Reddy's Laboratories (RDY -1.1%) announces that it's settled claims against Nordion (NDZ...

|About: Dr. Reddy's Laboratories Li... (RDY)|By:, SA News Editor

Dr. Reddy's Laboratories (RDY -1.1%) announces that it's settled claims against Nordion (NDZ +0.1%) by accepting a cash payment of $22.5M. The case was brought by RDY in April 2009 seeking damages caused by a purported breach by NDZ of its Laboratory Services Agreement with the company.