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Sales & Earnings

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Celltrion Sees Sales Dip In Q3

South Korea’s Celltrion delivered a relatively weak quarter in Q3, with a 26.9% drop in revenues despite robust sales of Truxima (rituximab) and Remsima (infliximab). The company also voiced confidence in pro-biosimilar policies introduced by the Biden administration in the US.

Sales & Earnings Biosimilars

Towa Raises Japanese Expectations Amid Uncertain Business Climate

Towa has issued a minor upward revision to its full-year guidance after its domestic business delivered higher than expected sales and profit growth during H1, but uncertainty in the Japanese generics market and concerns over the firm’s overseas units have led some analysts to raise questions.

Sales & Earnings Japan

JB Chemicals Sustains Revenue Momentum For Another Quarter

India’s JB Chemicals has seen double-digit growth in its international business and “market beating growth” in its domestic business. The company continues to perform well on the back of new launches, despite COVID-related headwinds. 

India International

Nichi-Iko Offers Heartfelt Apology As It Forecasts Huge Annual Loss

Nichi-Iko’s first-half financial results made for unhappy reading again as the company’s bottom line was battered by longstanding quality problems, leading the firm to announce huge projected losses for its current financial year ending in March 2022.

Quality Supply Chain

Sawai Maintains Strong Domestic Performance, Continues To Flounder In US

Sawai’s Q2 results mirrored those of Q1, with a strong performance in Japan but a weak one in the US. The firm is continuing to focus on establishing new production facilities in both territories.

Sales & Earnings Strategy

Wockhardt’s UK Business Continues To Grow

Wockhardt’s UK segment continues to grow as the company records a 66% increase for the second quarter ending 30 September 2021. The company’s India market and Irish market performed well, while its emerging markets and US market failed to deliver. 

United Kingdom Deals

Rovi Remains ‘Bullish’ On Enoxaparin Biosimilar With Much Room To Grow

Spain’s Laboratorios Farmaceuticos Rovi has set out why it remains confident in its prospects for its Becat (enoxaparin) biosimilar to Sanofi’s Lovenox/Clexane while providing an update for the firm’s Doria once-a-month injectable formulation of risperidone.

Sales & Earnings Strategy

Perrigo Suffers As It Waves Goodbye To Rx

Perrigo CEO Murray Kessler has acknowledged “disappointing” third quarter results for the company during a transitional quarter that saw it finally divest its Rx prescription generics business ahead of its upcoming acquisition of consumer healthcare specialist HRA Pharma.

Sales & Earnings Strategy

US Price Erosion Dents Alembic

Challenging phase for Alembic as continued price erosion in the US hurts earnings, while a compliance re-inspection by the FDA at an injectables site results in 10 observations. Investors believe US sales may have bottomed out at current levels but can the Indian firm bounce back quickly?

Sales & Earnings Strategy
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