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India Q2 Preview: Glenmark, Cipla Emerge Stronger

Remdesivir Sales Could Taper Slightly in Q3

 
• By Vibha Ravi

With the impact of pandemic-prompted disturbances waning, analysts forecast better Q2 numbers for Indian pharma firms, with some including Glenmark and Cipla seen emerging winners. But after doing well in the quarter, Gilead’s licensees might see remdesivir demand tapering somewhat in Q3 post the WHO finding the antiviral ineffective in COVID-19 treatment.

Forecast
Analysts Forecast Q2 Gains For Indian Firms Though Growth Will Be Uneven • Source: Shutterstock

As pandemic-led challenges began to recede, with the US and Europe periodically re-opening and curbs across India, which imposed the world’s biggest lockdown, partially lifted, Indian companies' reported pharma sales for the fiscal second quarter to September are set to show an improvement over the first quarter.

Given that over half of large Indian firms’ revenues reside in the US, Europe and the “rest of the world” - a term loosely used by the companies to refer to geographies besides the former two - conditions in

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