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US drug shortage a shot in the arm for Indian pharmaceutical companies

Indian pharma to benefit from exit of a few bankrupt generic US firms

pharma, medicine, drugs
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Sohini Das Mumbai

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Drug shortages in the US are at an all-time high, and price erosion has stabilised, which could benefit Indian pharmaceutical (pharma) companies with a US focus, according to analysts.

Nuvama Research analysts said that US price erosion seems to have normalised to its old levels of 6-8 per cent and volumes are picking up with easing of inventory.

Similarly, an ICICIdirect analyst noted: “Price erosion intensity has now moderated to a single digit and is expected to tone down a bit as Indian companies will tend to benefit from the exit of a few bankrupt generic companies in the US

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First Published: Jun 18 2023 | 8:57 PM IST

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