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.

Light at the end of the tunnel, red
Hikma sees light at the end of the tunnel for its generics business • Source: Shutterstock

More from Strategy

More from Business