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Inflation, Indian Economy Drives Firms To Reduce CRAMS Work

This article was originally published in PharmAsia News

Executive Summary

Increasing prices of raw materials and India's economic condition are leading many companies providing contract research and manufacturing services to scale back their efforts. Some of the CRAMS companies are reducing their operation or writing more restrictive contracts to protect themselves against potential losses. Some industry executives expect profit margins for the CRAMS sector of the drug-making industry to fall by nearly half, from the current 6 percent to 3 percent. Plethico Pharmaceuticals of Mumbai says high inflation and the price of oil have convinced it to reduce its CRAMS business as contracts come up for renegotiation. (Click here for more
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