Business

June sales surge for Pharma Inc as other therapies make up for a waning Covid

By Dan Neff

With signs of normalisation of the growth in the domestic market, the Covid-related impact is likely to have ceased to be an influencing factor for the pharma stocks.

Synopsis

The Covid drug portfolio grew 8% in value while the value growth of non-Covid drugs stood at 21%. “The Covid drugs growth has come down and is in line with the seasonal disease demand generation”, said Sheetal Sapale, president-marketing, AWACS.

ET Intelligence Group: After three consecutive months of posting a negative rate of relative growth, thanks to the high base effect of the second Covid wave, the Indian pharma market posted an exceptional growth of 16% for the month of June as per data released by AWACS. However, overall, on a quarterly basis, the June quarter has posted a 2% expansion against the 37.7% growth posted in the same quarter last year.

The months of April and May

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff