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Cipla Rides High Amid US Market Shakeout

 
• By Anju Ghangurde

Cipla reports highest ever quarterly revenues in the US, a market that’s seeing lower “price compression” amid sell-offs, bankruptcies and a rebalancing of the supply chain. The firm’s portfolio has a “lot of steam” left to be unlocked and it’s also keeping an eye on the impact of the tornado-hit Pfizer site on supplies.

Strong Run In Q1 For Cipla Amid US Churn • Source: Shutterstock

Cipla Limited rang in strong earnings in the first quarter of fiscal 2024, lifted by robust growth across its key markets of India, the US and South Africa.

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