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Scorching COVID-19 Era Returns From India Biotech, Healthcare Funds Outpace The Globe

Indian E-pharmacies, Online Consulting Firms Raise Over $740m

 
• By Vibha Ravi

Early COVID-19 therapies including Gilead’s remdesivir, China-plus procurement policies, vaccine partnerships and a dovish stance by the central bank led to returns on India biotech and healthcare funds outperforming global returns. Meanwhile, funding for e-pharmacies and online consulting firms gathered pace.

India Funding
Indian Biotech And Healthcare Funds Have Had A Stellar Run Post COVID-19 • Source: Alamy

It’s no secret that COVID-19 has paradoxically led to gains for healthcare and biotech companies, more so for some than others, while other parts of global economies have suffered from shutdowns led by the pandemic. However, within this universe Indian companies have proven to be the best bet for multiple reasons, a Scrip analysis reveals.

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