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Endo’s Generics Face Competitive Pressures

Company Sees Predicted Decline In Overall & Generics Revenues

 
• By Akriti Seth

After seeing increased demand because of COVID-19 in the first quarter of 2020, Endo’s generics segment has seen a predicted decrease in revenues in the second quarter. Furthermore, the company has also predicted an unfavorable impact due to competitive pressures for 2020 as a whole.

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Endo’s financial guidance anticipates unfavourable impact due to competitive pressures • Source: Shutterstock

Endo International has seen its overall sales decrease 2% to $688m in the second quarter of 2020, with the total dragged down in part by generics sales that fell by 1% to $216m compared to the prior-year-period and marked a step down from the $251m of generics sales reported in the first quarter of 2020.

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