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Swift And Nimble – Alembic Laps Up US Valsartan Windfall In Q2

 
• By Anju Ghangurde

Alembic moved fast and seized supply opportunities for valsartan, the hypertension drug that has seen shortages in the US, though management maintains that fundamental changes to the US market are there to stay given the backdrop of buying power of distributors.

Big money
ALEMBIC REPORTED SIGNIFICANT ONE-TIME GAINS FROM VALSARTAN SUPPLIES

Alembic Pharmaceuticals Ltd. kicked off Indian pharma’s fiscal 2019 second quarter earnings season in style with robust growth, buoyed largely by a strong one-off supply opportunity due a shortage of valsartan in the US.

The Vadodara-based company reported a 43% spurt in total net sales to INR11.27bn ($153.3m) for the second quarter ended Sept. 30, while profits rose 69% to INR2.07bn.

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