Indian Pharma will have one more Buyer- 'Amazon' soon to sell medicines - Digital Intent

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Tuesday, 24 October 2017

Indian Pharma will have one more Buyer- 'Amazon' soon to sell medicines



There has been too much pessimism about the US generics market and pricing. The latter in the US market has hit a bottom. Amazon is going to sell medicines, which I think is a positive. So, Indian pharma will now have one more buyer. Just because Amazon is going to sell medicines, doesn't mean prices will crash. That is why Jhunjhunwala feels the worst with respect to the pharma space is behind us. He told the channel, adding, in the long term, India is like the FMCG market for medicines.
The investor is placing a big bet on complex generics in the overall pharmaceutical space. For the sector, he said, everything that could go wrong has already gone wrong and the worst is behind. He expects pharmaceutical sector in India to grow at 15 percent every year and believes large pharma businesses in India will do well regardless of what happens in the US.


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