India's Strides generic pharma sold for 20 times EBITDA
Shows how much market would be willing to pay in the "niche" generic space. Sterile injectables and dermatology sectors are nice with very little competition compared to generic pill business. In fact I would value dermatology generic business higher than sterile injectibles, simply because there is hardly any competition(other than Glenmark) from India. Generic Sterile injectibles is made by strides, zydus, and many others in india.