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Covid drugs rescue earnings of pharma companies in Q1

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Pharmaceutical companies with covid-19 drugs in their portfolios reported some of the best earnings in the June quarter, even as the overall medicine market was down as the lockdown disrupted services at hospital out-patient departments and elective surgeries.“All those who had some covid drugs did well, and those who had HCQ in their portfolio did extraordinarily well.

Ipca was the biggest gainer. They posted almost four-fold profit from HCQ. Alembic is India’s largest manufacturer of azithromycin.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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