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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]
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