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India remains a bright spot for pharma companies

US business continues to face pricing pressures while latest data indicate a recovery taking hold in the Indian pharmaceutical market

October 14, 2021 / 09:46 AM IST
India remains a bright spot for pharma companies

The Nifty pharma index lost steam this year after outperforming the broad market in 2020. The pharma index is up 13 percent so far this calendar year compared to a 35 percent rise in the NSE 500 index. The re-emergence of pricing pressure in the North American market, a delay in the clearance of manufacturing facilities by the US drug regulator and limited new product launches had weighed on earnings of large drug companies in the June quarter. Indications are that the US, a large market for the...

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