Alembic Suffers 38% Slide In US As Price Erosion Bites

But Company Insists Long-Term View Of Market Remains ‘Intact’

05 Aug 2021

• By Akriti Seth

India’s Alembic has reported a 38% drop in its US generics business in the first quarter of its FY22 financial, due to price erosion stemming from increased competition. The company plans to launch four generics in the US in the coming quarter.

Alembic Pharmaceuticals Limited has revealed plans to bolster its US business by launching four generics in the US in the coming quarter, after a drop of almost two-fifths in US sales in its financial first quarter due to price erosion stemming from increased competition.

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