News from the world

27

May

Generics drugmaker Sandoz calls for EU to probe alleged China dumping

  • Sandoz has asked the European Commission to investigate Chinese imports of amoxicillin trihydrate, alleging unfair state subsidies and non-market pricing, The Financial Times reported Friday. 

  • The drugmaker said Chinese imports undercut EU prices by about 47% and risked increasing European dependence on China for antibiotic ingredients.

  • The complaint requested corrective measures and additional duties to prevent subsidised imports from flooding the market.

  • IQVIA data cited in the complaint showed that about 80% of amoxicillin active pharmaceutical ingredients are imported from Asia.

  • Sandoz said the Commission had not yet responded to the submission and requested priority review despite a full anti-dumping investigation potentially taking a year.

  • China’s foreign ministry previously rejected claims of overcapacity and said protectionism would not improve competitiveness.

[Financial Times]

17

Jul

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Jul

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16

Jul

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15

Jul

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