Environment Standards Drive Zhejiang API Makers To Other Industries
This article was originally published in PharmAsia News
Executive Summary
Facing pressure to upgrade environmental and manufacturing standards, many API manufacturers in China’s Zhejiang are exploring alternative industries.
Facing pressure to upgrade environmental and manufacturing standards, many API manufacturers in China’s Zhejiang are exploring alternative industries. For example, Zhejiang Huahai Pharmaceutical Co., Ltd. has concentrated on their formulation business, whereas Zhejiang NHU Company Ltd. and Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. are decreasing their focus on the API sector. API industry giant Zhejiang Medicine Co., Ltd. plans to become a global supplier of antibiotics Vancocin (vancomycin) and teicoplanin, and has recently started producing the first China-developed antimalarial drug. The company also aims to become a supplier of lipid-soluble vitamins. (Click Here For More - Chinese Language
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“API Glory Passed; Listed Firms Exploring Other Sectors And Overseas Markets” - yigoonet.com (3/13/2013)