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US Regulatory Risks, Litigation Likely To Slow FY24 Growth For India’s Top Pharma Firms, Says ICRA

Pfizer Plant Damage Presents Opportunity

 
• By Vibha Ravi

The damage at one of Pfizer’s largest injectables facilities could lead to gains for a few Indian companies, analysts feel. However, regulatory risks, litigation pay-outs and other challenges will slow growth for domestic firms and Indian units of multinationals like Abbott and Pfizer in FY24, says rating agency ICRA as Q1 results begin coming in

Man Holding Up Falling Blocks
Will Companies In India Be Able To Ward Off Growth Challenges? • Source: Shutterstock

India’s pharmaceutical companies are likely to see FY24 year-on-year growth in US market revenues slow down to 6-8% from 16% seen in FY23, based on its coverage universe of 25 companies, rating agency ICRA recently estimated.

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