Pharma companies may see stock valuations plateau in near term
Business

Pharma companies may see stock valuations plateau in near term

By Dan Neff

Product-specific demand during the quarter nevertheless aided the performance of some API companies.

Synopsis

Four factors defined the performance of pharmaceutical companies in the December quarter – sustained price erosion in the US generics market, cost and supply chain inflation eating into the margins, Indian market continuing to be the driver of growth and active pharmaceutical ingredient (API) sales remaining subdued.

ET Intelligence Group: Four factors defined the performance of pharmaceutical companies in the December quarter – sustained price erosion in the US generics market, cost and supply chain inflation eating into the margins, Indian market continuing to be the driver of growth and active pharmaceutical ingredient (API) sales remaining subdued. Given these factors and as the country recovers from Covid-19, the valuations of pharma companies are

BY

ET Bureau

4 mins read, Last Updated:

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Dan Neff