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Albemarle Enters Ibuprofen Agreement with Dr. Reddy's
Date:7/8/2008

Indian company to purchase, distribute US-made bulk API

BATON ROUGE, La., July 8 /PRNewswire-FirstCall/ -- Specialty chemicals maker Albemarle Corporation (NYSE: ALB), a leading global manufacturer of the anti-inflammatory agent ibuprofen and other active pharmaceutical ingredients (APIs), has signed a global agreement with pharmaceutical company Dr. Reddy's Laboratories Ltd. As per the agreement, effective immediately, Albemarle has appointed Dr. Reddy's as a non-exclusive distributor of Albemarle's bulk ibuprofen API. As part of the agreement, Dr. Reddy's will market, sell and distribute Albemarle's ibuprofen API to Dr. Reddy's global client base. In addition, Albemarle will also supply Dr. Reddy's a substantial quantity of its ibuprofen API requirements for use in the company's generic ibuprofen tablets.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )

"Albemarle has been manufacturing ibuprofen for more than 25 years with a record of high quality, and the proven capacity to accommodate our significant volumes. We are confident that by working with Albemarle, we will be able to address our global ibuprofen requirements," said Patrick Glaser, Vice President of Dr. Reddy's North America Generics business.

"We are pleased to supply Dr. Reddy's with the volume and quality of ibuprofen they need to continue their efforts in the global prescription generic market," said Dave Clary, Vice President of Albemarle's Fine Chemistry Services (FCS) division, which manufactures ibuprofen in the company's FDA- inspected facility in Orangeburg, S.C. "We are also delighted to add them as a distributor for our bulk ib
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SOURCE Albemarle Corporation
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