Tepid Q3 For Sun But Momentum In Specialty Build-Up
Sun Pharma reported a decline in profits for the third quarter amid dull US and India growth and ongoing investments to prepare for a larger play in the specialty segment, where it hopes to scale up with a mix of organic and inorganic additions to its portfolio.
You may also be interested in...
US Pricing Squeeze Clouds Sun Pharma Q2; Site Re-Inspection Critical
Further evidence of the impact of pricing pressure in the US was provided when Sun Pharma reported a sharp fall in profits in Q2 (although it beat the expectations of some analysts). Sun also expects a delay in EU approval for its late stage psoriasis asset, tildrakizumab, but US approval timelines appear unchanged, at least for now.
Sun Builds On Psoriasis Data But Can It Hold In Crowded Space?
Sun Pharma’s executive vice president, biologics and dermatology, Jesper Ostergaard Jensen, elaborates on some aspects of the recent encouraging data around the company’s late stage psoriasis asset, tildrakizumab. Jensen also tells Scrip that the firm is upbeat about its acne and photodynamic therapy products in the US.
First US Branded Ophthalmic Launch A ‘Milestone’ For Sun
India’s biggest drug firm Sun has just launched its first branded ophthalmic product in the US, marking what the company calls “a milestone” in its quest to build scale and seek steady revenue streams in the global specialty drug business.