India Pharma - IPM Growth In June Stabilises At 14%: Anand Rathi
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Anand Rathi Report
Fewer Covid-19 cases in the country have led to the India pharma market growth normalising to 14.1% in June 2021.
The sector continues to benefit from Covid-drug sales, but this will start fading in coming months if the country tackles/avoids the third wave.
Key Covid-19 molecules (remdesivir, June sales Rs 408 million; favipiravir, Rs 465 million) have declined month-on-month, respectively 47% and 80%.
June volume-driven growth was 4%, price 5.7%, and 4.4% from launches.
Acute therapy sales in June grew a strong 20.6%, while chronic and sub-chronic therapies grew 7.8% and 11.2% respectively.
For Q1 FY22 the sector grew a robust 37%: 23% volume-driven, 6.5% price-driven and 7.7% from launches.
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