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Pharma Market Growth Slows In October As Covid Therapies' Sales Fall

The Indian pharmaceutical market's growth slowed in October amid lower volumes as sales of Covid-19 therapies fell.

<div class="paragraphs"><p>A Phosphogliv capsule sits on display after manufacture at OAO Pharmstandard's Leksredstva drug unit in Kursk, Russia. (Photographer: Andrey Rudakov/Bloomberg)</p></div>
A Phosphogliv capsule sits on display after manufacture at OAO Pharmstandard's Leksredstva drug unit in Kursk, Russia. (Photographer: Andrey Rudakov/Bloomberg)
The Indian pharmaceutical market grew at its slowest pace in eight months in October as sales of Covid-19 therapies declined.The industry value rose 5% over a year earlier, according to industry data cited in a Jefferies report. That compares with an 12.4% rise in September and 9.8% growth in October 2020, the report said.This is the lowest growth rate post February, Jefferies said. "The sharp dip came as October had no benefit of ba...
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