Sun sales in U.S. fall further as FDA issues linger

India's Sun Pharmaceutical saw its sales in the U.S., its largest market, continue to fall as problems with a key plant in India have yet to be resolved. U.S. sales were off 11% to $486 million in the quarter ended Dec. 31, 2015, India's largest drugmaker reported today. It did, however, benefit from its U.S. subsidiary, Taro, which saw revenues increase 9% to $258 million. Sources are telling Indian media that the drugmaker is also looking to unload a couple of plants in India that it picked up in its $4 billion buyout last year of Ranbaxy Laboratories. Earnings report (PDF) | Story | More

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