Paracetamol prices up 40% as coronavirus shuts China - (The Economic Times via NewsPoints Desk)

  • India is facing the ripple effects of shutdowns in China with production of medicines being hit as supply-chain disruptions drag on amid the ongoing COVID-19 outbreak, reported The Economic Times.

  • Prices of paracetamol have jumped by 40% in India, while the cost of azithromycin, an antibiotic used for treating a variety of bacterial infections, has risen by 70%, said Pankaj R Patel, chairman of Zydus Cadila.

  • Patel sees a substantial increase in prices of active pharmaceutical ingredients (APIs) in the short- to medium-term.

  • India, home to about 12% of all manufacturing sites catering to the US market, relies on China for as much as 80% of its API requirement, according to the news source.

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