European Journal of Biomedical and Pharmaceutical Sciences

IMPACT OF COVID-19 ON PHARMACEUTICAL SECTOR AND LEADING STOCKS

*Anushree Kekre, Kumudini R. Pawar and Priyanka G. Kale

ABSTRACT

The COVID-19 Disease was declared a pandemic by World Health Organization on 11th March 2020 and since then, it has affected healthcare and pharmaceutical sector to a great extent. The purpose of this study is to examine how this pandemic has impacted pharmaceutical industry. The following article contains study of short term and long term impacts of this disease on pharmaceutical sectors and how they are going to affect our society in future. This article also focuses on the change in prices of pharmaceutical shares of some leading sectors like Aarti drugs, Sun pharmaceuticals, Dr, Reddy’s lab, Cipla Ltd. before and during the crisis period. The results reported positive as well as negative impacts that society might have to face in the coming years. We have also seen a huge hike in the share prices of some Indian pharma sectors in the studied ten month period. With this, some international pharma sectors were also studied. Lastly, this article also includes social responsibilities taken by leading pharma industries.

Keywords: COVID-19, Pharma, Pandemic, Crisis, Stocks.