India's Divi's Labs Q1 profit slumps on drug pricing pressures

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India's Divi's Labs Q1 profit slumps on drug pricing pressures
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Indian pharmaceutical company Divi's Laboratories reported a 49.2% fall in quarterly profit, missing analysts' estimates, as the generic drug maker grappled with pricing pressures in key markets like the United States.

reported a 49.2% fall in quarterly profit, missing analysts' estimates, as the generic drug maker grappled with pricing pressures in key markets like the United States.

The Hyderabad-based company's core business is manufacturing of active pharmaceutical ingredients , which are chemical compounds in a drug that help produce desired health effects.

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