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Indian Drug Makers Hit By Sharp Increase In Chinese Antibiotics Element

This article was originally published in PharmAsia News

Executive Summary

Indian drug makers are seriously concerned about a recent sharp increase in the price of imported penicillin-G, a key element in major antibiotics. Pen-G is imported from China by Indian pharmas at the rate of 500 tons a year just for domestic needs for antibiotics. Bulk Drug Manufacturers Association President M. Narayana Reddy said the recent increase was the largest for Pen-G during the past five years of price volatility. He said he did not know the cause of the increase, but mentioned "possible cartelling by the Chinese exporters." (Click here for more

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