Aurobindo takes on China in Penicillin G market with its integrated plant
Indian drugmaker Aurobindo Pharma (BOM: 524804) has taken on the might of China in terms of Penicillin G pricing, and is doing so by leveraging a fully integrated production process at its new plant. Anticipating the price erosion of Penicillin G, the company has put up an integrated plant from scratch, reports The Pharma Letter’s local correspondent.
Prime Minister Narendra Modi recently inaugurated Lyfius Pharma’s, a unit of Aurobindo Pharma, Penicillin-G plant at Andhra Pradesh. The plant boasts an annual production capacity of 15,000 metric tonnes of Penicillin-G. While 60% of the plant's capacity will be utilised for internal needs, the remaining 40% is for the global market.
The project, valued at $297 million, was undertaken under the Indian government's Production Linked Incentive (PLI) scheme.
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