Indian generic drugmakers set for weekly drop on potential US pharma policy changes
ReutersMay 9, 2025 9:40 AM
Shares of Indian generic drugmakers down between 2% to 5% this week
Sun Pharmaceuticals SUN.NS down 4.8% this week, set for sharpest weekly drop since June 2022
U.S. President Donald Trump signed an executive order on Monday that aims to reduce the time it takes to approve pharmaceutical plants in the country
Cipla CIPL.NS and Dr Reddy's Laboratories REDY.NS down 3.49% and ~2% this week, respectively
The three drugmakers, having a combined 46% weightage on the pharma index .NIPHARM, get between 30% to 40% of revenue from North America
Pharma index is down 2.7% this week
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