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                        Vildagliptin,  Alogliptin  of  'Gliptin'  series  and   The  Diagnostics  Devices  business  has  been  making         Vaccine  manufacturers  are  the  main  pharmaceutical   identified in the crisis which could have resulted in much
                        Empagliflozin,  Dapagliflozin  Propanediol,  Amorphous   rapid growth over last many years. During the past many       sector beneficiaries from the COVID-19 crisis, though   more disruption to the global healthcare sector.
                        Dapagliflozin,  Canagliflozin  Hemihydrate  of  'Gliflozin'   years,  the  Home  Diagnostics  business  has  made      other sub-sectors – such as diagnostics, over-the counter   Further industry also faced challenge in reliance on face-
                        series are also produced in the Baddi facility to cater the   humongous growth in its sales revenue and captured       (OTC) drug and medical-product manufacturers - are
                                                                                                                                                                                            to-face visits between doctors and, from the commercial
                        requirement  of  various  customers  for  formulation   top  position  in  Blood  Glucose  and  Blood  Pressure        also beneficiaries of efforts to combat the pandemic and
                                                                                                                                                                                            standpoint,  the  sales  staff  of  drug  makers  marketing
                        development and for the patent free countries.  Monitoring business. It is fully geared up to grab the all             the consequences of full and partial lockdowns to reduce
                                                                                                                                                                                            newly  approved  treatments,  or,  from  the  healthcare
                                                                      the  opportunities  in  point  of  care  business,  wherein              its spread.
                        The  company  is  also  focusing  on  another  new                                                                                                                  perspective,  with  patients  from  the  point  of  view  of
                        therapeutic  category  i.e.,  Anti-Depressant  drugs  like   people will get to know about body parameters from        The  pharmaceutical  companies  continue  to  focus  on   hospital-based drug administration. The Covid-19 crisis
                                                                      comforts of their home and without moving out of their
                        Brexpiprazole and Anti-Ulcerative drug like Vonoprazan                                                                 faster  growing  treatment  areas  which  are  less   has shown the need for greater adaptability, flexibility
                                                                      houses.
                        Fumarate, are in advance stage of development in the                                                                   vulnerable  to  fierce  competition  such  as  immune   and reforms in this crucial interface in the sector. New
                        R&D.  Apart  from  this,  another  complex  molecules   The  home  devices  business  has  been  recording             oncology  and  rare  diseases.  Pricing  pressure  further   trends  of  digitisation  and  e-healthcare  services  to
                        'Vortioxetine  Hydrobromide'  of  Anti-Depressant  series   tremendous growth over last many years and hold good       intensifies  in  mass  market,  less  innovative  segments   support patient monitoring at home will be a welcome
                        was developed and transferred its technology to plant   fortune in the coming years. The customers continue to         such as cardiovascular or diabetes.          change to less flexible pre-Covid practices.
                        and its USDMF filing is planned for the current year. DMF   repose confidence in our branded product portfolio and
                                                                                                                                               Several  companies  have  developed  or  are  close  to   A  new  realisation  is  also  drawn  from  the  current
                        filing  of  another  molecule  Febuxostat  of  Anti-Gout   the company hopes to record exponential growth in the
                                                                                                                                               developing and distributing partly innovative exploratory   pandemic  that  the  pharma  companies  which  have
                        category has also been planned for the current year. The   coming years.
                                                                                                                                               new vaccines in record time. Governments have been   successfully concentrated on a few treatment areas like
                        collaborative project is also going on with NIPER Mohali   BRAND  SHARING  AND  PRODUCT  CONTRACT                      ready to help, given the importance of the vaccines for   oncology, immunology and rare diseases, partly through
                        for use of enzyme catalyst for cost effectiveness for the
                                                                      MANUFACTURING (PCM)                                                      public health. They have poured large sums of money   targeted acquisitions. The strategy of focusing on high-
                        synthesis  of  intermediates  of  various  API's  such  as                                                             into the vaccine sector, in various forms. The vaccine   growth medical areas, now complemented by vaccines,
                        Atorvastatin Calcium, Rosuvastatin calcium & Sitagliptin   The  brand  sharing  has  not  registered  any  growth      developers  in  Europe  and  the  US  benefited  from   makes sense from multiple angles. The approach allows
                        Phosphate as a step forward towards green chemistry   however contract manufacturing business did record a             investment incentives and grants - as well as massive   companies to avoid more crowded treatment areas with
                        initiative to be eco-friendly.                growth  of  over  10%  in  its  annual  revenues.                        government  pre-orders  for  which  they  received   strong pricing pressure like diabetes or cardiovascular
                                                                      Formulation's  business  was  hit  on  account  of
                        The  company  was  granted  Two  process/  polymorph                                                                   customer deposits - as governments increased spending   drugs.  The  approach  also  enables  them  to  realise
                                                                      unavoidable situations created by pandemic COVID-19.
                        patents for Fexofenadine and Rosuvastatin during the                                                                   on healthcare in general.                    significant growth and higher prices in a generally more
                                                                      Your company has made its present felt across most of
                        year  and  other  two  patents  for  Sitagliptin  and                                                                                                               protected  commercial  environment  given  the  narrow
                                                                      the therapeutic areas due to its brand image and quality                 If the industry can use this opportunity to position itself as
                        Rosuvastatin are likely to be granted. The company has   product delivery.                                             a  partner  of  governments  and  efficient  “rescuer  of   range of competitors.
                        filed  Eleven  new  patent  applications  for  Novel                                                                   society,”  it  is  believed  that  this  might  unlock  further   On  account  of  increased  focus  on  the  value  of
                        processes/  New  Polymorphs  for  Vortioxetine   The company is putting up all its energies for the growth             significant  growth  potential  –  and  possibly  less  price   medications  the  pharmaceutical  companies  are  more
                        Hydrobromide, Amorphous/ Crystalline Empagliflozin,   and expansion of its Diagnostics, Formulation and OTC            regulation in the future.                    concerned  than  ever  about  ensuring  research  and
                        Amorphous/  Crystalline  Linagliptin,  Amorphous/   business.                                                                                                       development hits the intended target. There is an effort
                        Crystalline  Edoxaban,  Amorphous  Apixaban,   OPPORTUNITIES AHEAD                                                     The rare disease or orphan drug market is projected to   to achieve greater effectiveness and efficiency to meet
                        Brexpiprazole, saroglitazar etc.                                                                                       grow by a compound annual growth rate of 10.8% until
                                                                      There has been a tremendous amount of growth in the                      2026, much above the underlying pharma market.  the needs of patients while also protecting the bottom
                        FORMULATIONS AND HOME HEALTH                  pharmaceutical industry in recent years, and the outlook                                                              line. Now a research is designed to identify medications
                        DIAGNOSTICS                                   continues to be positive for 2021-2022. This is partly due               OUTLOOK ON THREATS, RISKS AND CONCERNS       that can improve the experience and quality of life for
                        The company has registered huge growth of more than   to numerous compounds that are currently in the latter           While the end of the pandemic may be in sight, it is not   patients  in  a  way  that's  more  meaningful.  This  has
                        70%  in  home  diagnostics  devices  business  though   stages of clinical development, coupled with hundreds of       over  yet.  COVID-19  case  numbers  are  on  the  rise   required  pharmaceutical  companies  to  examine  their
                        formulation  business  recorded  a  drop  in  its  annual   new products with approvals anticipated in 2021-2022       globally  and  major  outbreaks  continue  to  impact   research and development practices to ensure they are
                        revenues  during  the  year.  The  Diagnostics  Devices   and  beyond.  This  happens  to  be  a  level  of            countries like India. It is likely that we will not even know   refined and focused.
                        business of the company has made deep in roads into   pharmaceutical  production  that  is  not  customary  and        what recovery will look like until later in the year, when   For businesses that can weather the last few months of
                        domestic Blood sugar measuring business as well Blood   has not occurred for about a decade. The industry will         vaccines are more widely available worldwide.  lower-than-average  demand,  the  future  looks  good.
                        pressure monitoring devices business. The Blood sugar   continue to benefit from favourable demographic and            The lingering impacts of COVID-19 will continue to have   Some  industry  observers  predict  the  pharmaceutical
                        measuring business as well Blood pressure monitoring   lifestyle factors, innovations, and a diminishing threat        a serious impact on the industry through the end of the   sector will be back on track for rapid growth, as it was
                        devices business have recorded a compounded annual   from expiring patents in addition to the shot in the arm          year,  in  part  because  reduced  consumer  confidence   pre-pandemic.  With  factors  such  as  an  aging  global
                        growth rate (CAGR) of 40.68% and 42.54% respectively   for  the  whole  sector  from  the  COVID-19  pandemic          means lower than usual demand for pharmaceuticals. In   population, increased prevalence of chronic conditions
                        during last 4 years. On overall basis, during these 4   whose impact goes beyond the vaccines segment.                 addition, customer purchasing power may remain low   and  the  development  of  new  drug  therapies  to
                        years, the devices business has recorded a compounded   Healthcare awareness among large parts of the global           as unemployment continues to be a challenge around   encourage  growth  as  the  pandemic  recedes  and  the
                        annual growth rate (CAGR) of 40.62%. The company   population has significantly increased in the course of             the world.                                   economy recovers.
                        has cumulatively sold 600 million Gluco Strips as on   2020, triggered by the coronavirus pandemic, which will         The  initial  stage  of  the  Covid-19  crisis  early  in  2020   Upcoming patent cliffs will be bad news for some major
                        close of current year. Gluco monitors installations have   underpin  the  sector's  robust  sales  growth,  set  to  run   abruptly highlighted the danger of being dependent on   pharmaceutical  manufacturers,  but  good  news  for
                        cross 5 million as on date. Formulation's business lost   ahead  of  economic  growth  in  many  countries.            only  one  or  very  few  suppliers.  However,  the  risk  of   companies wanting to develop generic pharmaceuticals
                        some of its revenues on account of restriction imposed   Demographic  and  lifestyle  factors  –  such  as  ageing     individual  companies'  over-dependence  on  single  or   and consumers in search of lower prices on medicine.
                        by  COVID-19  curfew  and  not  enough  doctor's   populations,  diet-related  illnesses  in  developed                limited supplier suppliers did not materialise, but, in the
                        prescription being generated as doctors abstained from   countries, growing prosperity in emerging markets – are       larger  scheme  of  things,  it  was  one  of  the  factors   To emerge as a winner in the post-pandemic world, the
                        operating from their clinics.                 also crucial factors supporting sales growth.                                                                         Indian industry needs to continue building on its strength
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