Indian pharmaceutical market’s (IPM) secondary sales growth moderated to 8.9% YoY in Mar’19 versus 10% YoY in the previous month. Growth was driven by prices (+4.9% YoY), volumes (+1.5% YoY) and new launches (+2.4% YoY).
The pharmaceutical sector is in a recovery mode and the positive trajectory in earnings growth witnessed in 3QFY19 should also be visible in 4QFY19. Pricing pressure in the US has moderated and new products launched are contributing to growth.
Welchol generic – DRL has gained 9% market share for the product as against a low single-digit share at the end of the previous quarter. Glenmark Pharmaceuticals has also been able to expand its market share to 16% from 10% (at the end of the previous quarter).
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