Sun Pharma’s U.S. Arm Taro’s   Growth In Q3 Hurt By Covid-19: Prabhudas Lilladher 
Sun Pharma headquarters in Mumbai. (Photographer: Kanishka Sonthalia/Bloomberg)

Sun Pharma’s U.S. Arm Taro’s Growth In Q3 Hurt By Covid-19: Prabhudas Lilladher 

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Prabhudas Lilladher Report

Sun Pharmaceutical Industries Ltd.’s U.S. Arm Taro’s revenue was sequentially flattish while gross profit and gross margin were lower QoQ indicating continual price erosion, unfavorable product mix and impact from Covid-19.

We expect sales growth to be muted and quarterly revenue to remain stable in the range of $140-150 million.

Key event for Taro in the near-term would be utilisation of $1.55 billion cash and cash equivalent for acquisition of specialty products, as its own products pipeline have only 17 abbreviated new drug applications pending with U.S. Food and Drug Administration.

Click on the attachment to read the full report:

Prabhudas Lilladher Sun Pharma Company Update.pdf

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