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Hikma Offers Update On Plans For Advair Rival

Targets Launch In ‘Early 2021’ As Firm Provides Trading Update

Executive Summary

Hikma has provided a trading update that sheds fresh light on plans for its delayed Advair generic, as well as revealing some new launches.

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After seeing a spike in demand due to the coronavirus pandemic in Q1, with a corresponding dip in Q2, the generics industry has largely seen single-digit drops in net revenues in the third quarter of 2020. Meanwhile, the Indian pharma market has seen recovery after facing a challenging coronavirus-induced slump in the first two quarters of 2020.

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