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Image Credit: Bloomberg Quint

Wockhardt Not To Face Significant Impact Of US Tariffs, Says Chairman Khorakiwala

  • Wockhardt, a pharmaceutical company, will not face significant impact of the global turmoil over US tariffs due to its strong business model.
  • Wockhardt's exposure to the US market is just 5% and it is planning to exit the generic business in the country soon.
  • Other pharma companies with substantial exposure to the US may need to adjust their strategy and look at other markets like Europe to compensate for the potential impact of tariffs.
  • The tariffs will increase the cost burden for US consumers, as a significant portion of generic prescriptions in the country are met by Indian products.

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