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Technology
India Restricts Exports of Common Drugs on Fear of Coronavirus Shortages
By
Riley Griffin
and
Ari Altstedter
March 3, 2020, 4:51 AM ESTUpdated on March 3, 2020, 3:13 PM EST
Photographer: Dhiraj Singh/Bloomberg
U.S. health regulators are watching for potential drug shortages after India restricted the export of some raw pharmaceutical ingredients, a move that could disrupt the industry’s globe-spanning supply chain.
India said on Tuesday it would limit export of some common medicines as concerns grow over shortages of chemical ingredients. Many manufacturers of those ingredients in China are shut or making less medicine than usual due to the novel coronavirus outbreak.
The drugs include over-the-counter painkiller and fever reducer paracetamol and finished pills that include it. Similar restrictions have been placed on the common antibiotic metronidazole, various versions of vitamin B and eight other medicinal chemicals, according to a notice from the Indian government.
“India has restricted the export of 26 active pharmaceutical ingredients for export, which represents about 10% of their export capacity,” U.S. Food and Drug Administration Commissioner Stephen Hahn told Congress at a hearing Tuesday in Washington."
This might become serious as Indian pharmas procure 50 % of the active ingredients API from China. We are looking at shortages,hoarding and price hikes.
Technology
India Restricts Exports of Common Drugs on Fear of Coronavirus Shortages
By
Riley Griffin
and
Ari Altstedter
March 3, 2020, 4:51 AM ESTUpdated on March 3, 2020, 3:13 PM EST
Photographer: Dhiraj Singh/Bloomberg
U.S. health regulators are watching for potential drug shortages after India restricted the export of some raw pharmaceutical ingredients, a move that could disrupt the industry’s globe-spanning supply chain.
India said on Tuesday it would limit export of some common medicines as concerns grow over shortages of chemical ingredients. Many manufacturers of those ingredients in China are shut or making less medicine than usual due to the novel coronavirus outbreak.
The drugs include over-the-counter painkiller and fever reducer paracetamol and finished pills that include it. Similar restrictions have been placed on the common antibiotic metronidazole, various versions of vitamin B and eight other medicinal chemicals, according to a notice from the Indian government.
“India has restricted the export of 26 active pharmaceutical ingredients for export, which represents about 10% of their export capacity,” U.S. Food and Drug Administration Commissioner Stephen Hahn told Congress at a hearing Tuesday in Washington."
This might become serious as Indian pharmas procure 50 % of the active ingredients API from China. We are looking at shortages,hoarding and price hikes.
