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Endo’s Generics Add $30m Due To COVID-19 Impact

Company Sees $75m Overall Growth In Q1 From Coronavirus Demand

 
• By Akriti Seth

Despite reporting 14% growth in the first quarter of 2020, Endo has forecast a downturn in the second quarter and has withdrawn its full-year financial guidance due to uncertainty regarding the continued impact of the coronavirus pandemic.

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Endo’s generics segment saw double-digit growth in the first quarter of 2020 • Source: Shutterstock

Endo has reported 14% sales growth in the first quarter of 2020 to $820m, with the company’s generics segment alone seeing turnover up by a similar proportion, 15%, to $251m. The firm said that almost all – around $30m – of the $32m generics rise was driven by “accelerated prescription fulfilment due to consumer access concerns and the utilization of certain generic medications used to treat patients suffering from COVID-19.”

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