Pharmexcil Calls for Allocation of Key Chemicals to Prevent Drug Shortages Amid West Asia Conflict
'Allocate key chemicals to avert drug shortages', says Pharmexcil amid West Asia war
The Economic Times
Image: The Economic Times
The Pharmaceuticals Export Promotion Council of India (Pharmexcil) has urged the Indian government to allocate essential raw materials to solvent and active pharmaceutical ingredient (API) manufacturers. The call comes as supplies of critical chemicals like propylene and methanol have dwindled due to the ongoing conflict in West Asia, threatening the availability of medicines.
- 01Pharmexcil warns of potential drug shortages due to low inventories of key chemicals.
- 02The conflict in West Asia has disrupted supply chains for pharmaceutical raw materials.
- 03Approximately 55,000 metric tonnes of key materials are needed monthly, with 80% sourced domestically.
- 04Government intervention is anticipated to prioritize supplies for the pharmaceutical sector.
- 05Solvent manufacturers are crucial for the production of APIs and need immediate support.
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The Pharmaceuticals Export Promotion Council of India (Pharmexcil) has raised alarms regarding the potential for drug shortages as inventories of essential raw materials, including propylene, methanol, ammonia, and butane, have reached critically low levels. This situation has been exacerbated by the ongoing conflict in West Asia, which has disrupted supply chains for these vital chemicals. Pharmexcil chairman Namit Joshi emphasized the urgency of government intervention to allocate these raw materials to solvent manufacturers, who are essential for producing active pharmaceutical ingredients (APIs). Currently, the estimated monthly requirement for these key starting materials is about 55,000 metric tonnes, with 80% sourced domestically and the remaining 20% imported. The government is reportedly considering granting quotas to the pharmaceutical sector by diverting supplies to solvent manufacturers, which would help stabilize the supply chain and ensure the availability of medicines.
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If the government does not allocate these chemicals, the pharmaceutical industry may face significant drug shortages, affecting patients' access to necessary medications.
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