India Sees Price Of Bulk Drugs Fall Ahead Of Olympics End In China
This article was originally published in PharmAsia News
Executive Summary
The prices of bulk drugs in India have begun falling with the expectation that several hundred bulk-drug plants will reopen when the Olympic games end Aug. 24. The price of penicillin, paracetamol and other drugs rose when China ordered hundreds of plants, including many run by drug makers, to close earlier this year in an effort to reduce air pollution in time for the games. More than 70 percent of drugs made in India rely on bulk drugs imported from China. New supplies are expected to begin arriving in India within a few weeks of the reopenings. (Click here for more
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The prices of bulk drugs in India have begun falling with the expectation that several hundred bulk-drug plants will reopen when the Olympic games end Aug. 24. The price of penicillin, paracetamol and other drugs rose when China ordered hundreds of plants, including many run by drug makers, to close earlier this year in an effort to reduce air pollution in time for the games. More than 70 percent of drugs made in India rely on bulk drugs imported from China. New supplies are expected to begin arriving in India within a few weeks of the reopenings. (Click here for more) "Bulk Drug Prices To Fall After Olympics" - Business Standard (India) (8/11/08) |