Pharma sector is a mammoth among the healthcare spectrum with the presence of a number of players from generic to non generic, formulations to APIs, CDMO to CRO, biologics and biosimilars. Each sector has a few players competing among themselves to get a chunk in growing markets. I have tried to cover the basics about healthcare sector in https://www.sinewavesecurities.com/2022/06/healthcare-mamoth-among-moles.html Do give it a read for the basics. Here I have taken examples of few companies, study their financials and business model and try to enhance “circle of competence”. DRL -25/25/25 ! Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Global Generics Segment (~80% of revenues): This is the main business of the company wherein it off...