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Anand Rathi Report
After entering positive territory in June, the Indian Pharmaceutical Market consolidated in July 2020.
Monthly sales at Rs 121 billion were flat YoY. The growth trend in chronic outpacing acute therapies continued for yet another month, and cardio (up 13%) has now surpassed anti-infectives (down 10%) to become the largest therapy in IPM.
Industry volumes declined 7%, while the prices rose 5%; launches aided 2% growth.
Listed pharma companies which did well in June are Glenmark Pharmaceuticals Ltd. (30%, due to a strong upswing in new Fabiflu), JB Chemicals and Pharmaceuticals Ltd. (13%) and Ipca Laboratories Ltd. (12%); sales of Wockhardt (brands divested to Dr. Reddy’s Laboratories Ltd.), Natco Pharma Ltd., GlaxoSmithKline Pharmaceuticals Ltd. and Indoco Remedies Ltd. continued to decline even in July.
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