NEW DELHI: Experts in the pharma industry have raised their concerns over the government’s move to notify a minimum import price (MIP) for certain key pharmaceutical inputs to combat aggressive undercutting and dumping from Chinese manufacturers. Experts said a chain-wide MIP on Pen-G, 6-APA and amoxicillin would raise costs across essential medicines, disrupt government tenders…
The Indian government has set a minimum import price (MIP) for certain key pharmaceutical inputs to combat aggressive undercutting and dumping from Chinese manufacturers. The government imposed the floor price restrictions on import of potassium clavulanate, and some intermediates used for the manufacturing of clavulanic acid and potassium clavulanate. Potassium clavulanate is used by the…
Mumbai: The union government is in the final stages of setting a minimum import price (MIP) for some key pharmaceutical inputs to safeguard the domestic industry from predatory price cuts by suppliers of raw materials from China. Once enforced, import of raw materials such as bulk drugs or active pharmaceutical ingredients (APIs) will not be…