Business

Pharma has to find new growth pills as Covid booster wears off

By Dan Neff

The overall under-performance of the US business vis-a-vis other businesses is likely to continue in the absence of any fresh triggers. Improving R&D investments and increasing R&D productivity is going to be one of the major challenges for the companies in the sector.

Synopsis

The pandemic provided a reason to the stock market to be excited about the pharma sector that had been facing lacklustre prospects amid challenges in the US business, USFDA compliance issues, pricing pressure, big-bang acquisitions not working out on expected lines and modest growth in the domestic market.

ET Intelligence Group: With the weekly pandemic death toll reaching the lowest worldwide last week since March 2020, the World Health Organization has indicated the end of Covid-19 may be in sight.

However, going by the performance of the pharma sector on the bourses, the pandemic probably ended much before for the sector – a standout straggler on the stock market through the ‘reopening’ trade.

The ET Pharma Index is down 14% even as the

BY

ET Bureau

4 mins read, Last Updated:

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Dan Neff