API price decline is a mixed blessing for Indian pharma industry

18 April 2024

The prices of certain active pharmaceutical ingredients (APIs) have experienced a significant decline over the past two months, as compared to the elevated prices reigning during the Covid pandemic.

The trend presents a double-edged sword for the Indian pharmaceutical industry, particularly for those manufacturers that have recently ventured into API production under the government's Production-Linked Incentive (PLI) scheme.

While the decline in some API prices is a boon to formulation players, affording them a competitive edge and potentially bolstering profit margins, it has cast a shadow over newbie API manufacturers in India.

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