Financial Daily from THE HINDU group of publications
Sunday, Jan 22, 2006
Financial Daily from THE HINDU group of publications Sunday, Jan 22, 2006 |
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Pharmaceuticals Industry & Economy - Anti-dumping Anti-dumping probe initiated on pen-G imports from China K.R. Srivats
New Delhi , Jan. 21 LOW-priced Chinese made penicillin-G imports continue to have a telling effect on the fortunes of the domestic industry manufacturing the drug. SPIC Ltd, a pen-G manufacturer, has approached the Anti-dumping Directorate in the Commerce Ministry and has sought a probe on the alleged dumping of penicillin-G imports from China. Based on SPIC's application, the Designated Authority in the Commerce Ministry has initiated an anti-dumping probe on all penicillin-G imports from China. Pen-G finds application in the manufacture of antibiotics such as ampicillin, amoxycillin and cloxacillin. While SPIC had, in its application, claimed that there are three more producers of pen-G in the country, the Designated Authority has noted that J.K. Pharma closed its plant, Alembic Ltd suspended production in 2004 and Torrent Biotech also suspended production in September 2005.
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