Business »  Topic »  Pharma sales growth hit 19-month low in May as product launches slowed down

Pharma sales growth hit 19-month low in May as product launches slowed down


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The domestic pharmaceuticals market clocked 7 per cent year-on-year (YoY) growth in May, the lowest since October 2017, when it registered a growth of 4.9 per cent.

For the first time, all chronic therapy drugs grew only in single digits during May.

According to analysts, a slew of factors were responsible for the slowdown — a weak season resulting in lower offtake (mainly acute therapy medicines), slump in product launches in the chronic segment pulling ...


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