While the US headwinds continue, domestic market sales have been positive and show signs of recovery after the implementation of the goods and services tax
Govt's proposed changes in pricing policy could play spoilsport
The notices were issued after a special inspection team of the Drug Controller General of India inspected the eight companies in China
Exports, which account for nearly 45 per cent of industry revenue, will see another year of a tepid one per cent growth in fiscal 2018
Sharp fall in Teva's June quarter earnings dash hopes of recovery for domestic pharma firms
The US remains mainstay for most companies, contributing 55-60 per cent of total exports
According to CRISIL, exports of generic drugs to the US will slow down 300 basis points to 10-12% in the medium term
This will be a relief for the sector, which is battling regulatory pressures at home and in the US