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Motilal Oswal Report
Alembic Pharmaceuticals Ltd. missed Q3 FY21 earnings, weighed by lower-than-expected sales in the U.S.
The adverse impact of lower price of Sartans in the U.S. was offset, to some extent, by a) healthy sales growth in the Domestic Formulation/Non-U.S./API segment and b) stable other operating expenses.
Physical inspections by the U.S. Food and Drug Administration across sites for the industry in India are delayed due to restrictions on international travel.
However, Alembic Pharmaceuticals may face the inspection earlier (over the next 3–6M) as it has filed for products on the shortage list.
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