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Endo Aims To Stabilize Generics Unit In 2021

Company Delivers Another Underwhelming Quarter

 
• By Akriti Seth

Endo will focus on restructuring initiatives and new launches in 2021 to stabilize its generics business, after the company reported a 20% drop in generics sales for the fourth quarter of 2020, with full-year sales down by more than a tenth.

competition
Endo expects to see additional competition on its “higher revenue products” in 2021 • Source: Shutterstock

“Once we are past 2021’s set of events, we are going to see a more stable generics portfolio,” assured Endo International president and CEO, Blaise Coleman, as he announced that the company would be focusing on restructuring initiatives to bolster profitability, accompanied by new launches, going forward.

After seeing its generics segment perform poorly back-to-back in the past few quarters, Endo reported a 20% drop in its generics sales to $180m in the fourth quarter of 2020, compared to the $226m reported during the fourth quarter of 2019

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