Competitive pressures in the US have led Hikma to once again slash its Generics guidance for 2022, cutting its full-year sales expectations for the unit to $650m-$675m, with a core operating margin expected to come in at 15%-16%, in the face of “persistent challenges” in the US generics market.
Hikma Eyes Return To Growth After Further Cutting Generics Forecasts
Injectables And Branded Increases Offset 18% Sales Slide For Generics Unit In First Half
Hikma has once again downgraded its expectations for its generics business in 2022 as it revealed a first-half drop of 18% in sales for the unit. However, injectables and branded increases helped to offset the decline, while the company maintained that generics growth was on the horizon in 2023.
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