Indian Pharma Market - Covid-19 Induced Demand Pushes Growth To 47.8%: Anand Rathi

Favipiravir, the antiviral medication being manufactured in Russia. (Photographer: Andrey Rudakov/Bloomberg)

Indian Pharma Market - Covid-19 Induced Demand Pushes Growth To 47.8%: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

On expected lines, the Indian pharma market grew at a robust 47.8% in May.

The Covid-19 outbreak had a marked impact on industry volumes last year and doctors are prescribing traditional anti-infective, gastrointestinal and respiratory brands to combat the second wave.

Acute therapy sales overall grew a strong 70.3%, while chronic and sub-chronic therapies grew 27.7% and 37.5% respectively.

Acute therapy growth was driven by a rebound in volumes and renewed demand for Covid-19 drugs.

On a lower base industry volumes grew 31.5%, a 7% blended price hike in May and launches contributed 9.3% of growth.

Click on the attachment to read the full report:

Anand Rathi Indian Pharma Sector Update.pdf

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