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Budget: Pharma industry seeks incentives for R&D, conducive policies

The pharma industry has sought fiscal incentives to promote research and development (R&D) in the sector, as it is likely to reach USD 400-450 billion market size by 2047. In a statement, Indian Pharmaceutical Alliance Secretary General Sudarshan Jain said there is a high risk, long gestation
Sameera Shah Sudarshan Jain Viren Shetty Rishabh Gupta Ashutosh Raghuvanshi Promotion Of Research Innovation Program

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'Competition intensity in diagnostics moderating'

In the first half of 2023-24, the companys core revenue, excluding Covid-19 and allied tests and government contracts, grew 13%. The volume growth is higher than the pre-pandemic level of 9%, signifying some stability to the sector. The EBITDA margin in the first half of this fiscal stood at 24.7%. The company expects the EBITDA margin would be 26-27% for the next few quarters.
Sameera Shah Metropolis Healthcare Competition Intensity Revenue Growth Diagnostics Moderating Covid 19

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