COVID-19 pandemic affecting industries across the globe. The coronavirus outbreak has started to hit India’s pharmaceutical sector by rising the prices of key ingredients .Now the prices for vitamins and penicillin are double or triple the price. Similarly the cost of paracetamol has gone up. Another major impactt is that pharmaceutical companies faces disruptions due to extended factory closures in China. If the pandemic continues then stockpiles of pharmaceuticals, APIs and other chemicals may decrease, resulting in shortages. The government should take appropriate measures to keep the situation under control.
source https://www.pharmatutor.org/articles/covid-19-impact-on-indian-pharma-companies
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