June 9, 2017 / 8:35 AM / a month ago

BUZZ-India's healthcare sector gets most downgrades in 1 month; biggest decliner this year

1 Min Read

** Indian pharma companies receive 47 downgrades in the past one month, the highest among all sectors - StarMine

** The outlook will be muted for at least two quarters, says Ranjit Kapadia, senior vice president, Centrum Broking

** Sector is hit by generic drugs' price erosion in the United States due to higher competition and consolidation of distributors along with U.S. FDA quality concerns and rupee appreciation

** United States is Indian pharma's largest export market

** Last month, Sun Pharma said 2018 sales may fall as U.S. market gets tougher

** Pharma sector is the biggest decliner among all sectors this year tmsnrt.rs/2rbUqfq

** Modi's generics-only drugs plan worries health experts and Indian pharma sector (RM: gaurav.dogra.thomsonreuters.com@reuters.net)

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