Before the entry of generics, the size of nexium was 6 billion USD. Now torrent gets approval and it is the fifth company to get approval for the molecule according to their NSE announcement.
The questions that need to be answered are:
What kind of price erosion has happened/will happen?
What % of market share will torrent be able to garner since it is fifth co to launch the drug?
Overall looking at the size of the molecule and limited competition, it augurs well for torrent if they can capitalise on this approval.
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