After an 8% fall in first quarter US sales over the previous quarter led by the impact of COVID-19 and the seasonal drop in sales of oseltamivir, Zydus Cadila expects “mid-to-high” single digit growth in its biggest market during financial year 2021. Prospects for India sales, which also dipped during Q1, are seen improving too.
Zydus Cadila Readies Injectables Push Amid Tepid US Growth Outlook
COVID-19 Vaccine Found Safe In Phase I Trials
Zydus Cadila expects domestic sales to improve and the US generics business to grow in “mid to high” single digits during FY21 after both saw a coronavirus-related hit in Q1. Meanwhile, approvals for a few biologics are expected, its COVID-19 vaccine candidate has just entered Phase II studies and remdesivir launch looms.
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