Domestic formulations- Focus on new launches and few therapies Domestic branded formulations constitute 31% of the FY17 revenues. The main distinguishing factor is the uncanny knack of launching maximum number of first time launches with focus on New Drug Delivery System (NDDS). Of the 200+ actively marketed brands, 70% brands were introduced first time in India. The focus on specialty therapies and niche product led APL to post a strong growth at a CAGR of 22% in FY12-17, far...