Indian pharma market continues expansion, despite fewer launches
Despite new launches dropping abysmally, India’s pharmaceutical market has grown at its fastest pace in more than a year in the quarter ended September given higher volumes and prices. According to data from market research agency AIOCD-AWACS, the Indian pharma market expanded 11.5% for the quarter ended September 30.
While year-on-year growth in sales was at 11.5% in the three-month period, this was the highest since the quarter ended June 2018. Data showed sales of domestic drug companies grew 11.9% over the previous year, reports The Pharma Letter’s local correspondent.
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