Shares Rise As Analysts Bet On Growth Prospects
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Analysts are betting on expected launches in the US and Europe, lower price erosion in the US, R&D investments in biosimilars, and Aurobindo Pharma Ltd.’s global injectables business after the third-quarter earnings.Aurobindo Pharma’s net profit fell 19% year-on-year, missing estimates. Its revenue was up 7% at Rs 6,407 crore, and Ebidta margins were at 14.9%.
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