Pharma: June sales surge for Pharma Inc as other therapies make up for a waning Covid

0

With signs of normalisation of the growth in the domestic market, the Covid-related impact is likely to have ceased to be an influencing factor for the pharma stocks.

Synopsis

The Covid drug portfolio grew 8% in value while the value growth of non-Covid drugs stood at 21%. “The Covid drugs growth has come down and is in line with the seasonal disease demand generation”, said Sheetal Sapale, president-marketing, AWACS.

ET Intelligence Group: After three consecutive months of posting a negative rate of relative growth, thanks to the high base effect of the second Covid wave, the Indian pharma market posted an exceptional growth of 16% for the month of June as per data released by AWACS. However, overall, on a quarterly basis, the June quarter has posted a 2% expansion against the 37.7% growth posted in the same quarter last year.

The months of April and May

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment