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The MHRA has previously taken enforcement action against suppliers of unlicensed injectable peptides and has issued public warnings about the dangers of purchasing such products online

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GLP-1 medications are once-weekly injectable treatments used for chronic weight management in adults with obesity or who are overweight with at least one weight-related health condition, such as high blood pressure, high cholesterol, or type 2 diabetes

Heres how the value chain of Pharmaceutical players look like - Intermediates API (Generic/Specialty) Formulations (Domestic/ROW/USA) Patient Then there are these CDMO players who serves innovator pharma companies NCE/Innovation drug discovery, biosimilars, novel biologics and then Domestic Branded India prescription-driven, doctor-detailing led businesses So with this background lets get on and dive deeper on the themes in this space that have performed strongly and the tailwinds that are there in each of the themes 1) Aarti Drugs - The Aarti Drugs story over the last three years can be summed up in this single chart The company has delivered consistent positive volume growth every single year for the last 5 years: 5%, 11%, 10%, 7% respectively from FY22 to FY26