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Cipla Rides High Amid US Market Shakeout

 
• By Anju Ghangurde

Cipla reports highest ever quarterly revenues in the US, a market that’s seeing lower “price compression” amid sell-offs, bankruptcies and a rebalancing of the supply chain. The firm’s portfolio has a “lot of steam” left to be unlocked and it’s also keeping an eye on the impact of the tornado-hit Pfizer site on supplies.

Strong Run In Q1 For Cipla Amid US Churn • Source: Shutterstock

Cipla Limited rang in strong earnings in the first quarter of fiscal 2024, lifted by robust growth across its key markets of India, the US and South Africa.

The US revenue bump up of 43% was particularly striking and the ongoing shakeup in that market appears to have translated into

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