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Hikma Proves Resilient In 2020 Despite Some Bumpy Launches

Rivals To Advair And Vascepa Suffer From Delays And API Scarcity

 
• By Dave Wallace

Despite turbulence in 2020 from the coronavirus pandemic as well as from difficulties relating to two of its key US generic launches, Hikma has reported solid full-year growth in both sales and profits across its business.

Plane Aeroplane Turbulence Clouds Flight
Hikma has come through turbulence in 2020 to report solid growth • Source: Shutterstock

Despite bumpy launches for two of its key generics in the US – rivals to Amarin’s Vascepa (icosapent ethyl) and GlaxoSmithKline’s Advair (fluticasone/salmeterol) – and the pressures of the COVID-19 pandemic, Hikma has nevertheless managed to deliver solid growth in 2020, with a double-digit ramp-up in operating profit outpacing a 6% turnover increase on the back of solid performances across its three key business segments.

Hikma’s overall turnover for 2020 grew by 6%, both as reported and in constant-currency terms, to $2.341bn, while the firm’s operating profit grew by 17% as reported and by 23%...

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