India Q2 Preview: Glenmark, Cipla Emerge Stronger
Remdesivir Sales Could Taper Slightly in Q3
Executive Summary
With the impact of pandemic-prompted disturbances waning, analysts forecast better Q2 numbers for Indian pharma firms, with some including Glenmark and Cipla seen emerging winners. But after doing well in the quarter, Gilead’s licensees might see remdesivir demand tapering somewhat in Q3 post the WHO finding the antiviral ineffective in COVID-19 treatment.
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