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Alembic Crosses $250m Annual Sales In US

Company Plans 10 New Launches In First Half Of FY21

 
• By Akriti Seth

Reporting positive fourth-quarter results at the end of its financial year, Alembic says it has achieved a milestone of its US business passing annual sales of $250m.

Growth
Alembic sees unprecedented growth in its US business • Source: Shutterstock

India’s Alembic Pharmaceuticals says its US front-end business has passed the “milestone” of $250m in annual sales for its financial year ended 31 March 2020 after the business grew by more than half – 53% – to INR19.76bn ($263m), boosted by fourth-quarter growth of 84% to INR5.77bn.

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