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PHARMACEUTICALS Fri, 09/04/2009 - 17:39 News

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Price of 7-ACA in China rises on supply shortage • Telecom Media &

Technology
Shanghai. September 4. INTERFAX-CHINA - The price of 7-aminocephalosporanic acid (7-ACA), an intermediate for the • Metals & Mining
production of antibiotics, has increased over the last couple of weeks due to tight market supply, according to a Beijing-based • Energy
pharmaceutical information provider on Sept. 4. • Pharmaceuticals

In June 2009, Fujian Fukang Pharmaceutical Co. Ltd., one of the country's major 7-ACA manufacturers, reduced its output
Interviews
because the Fujian provincial government tightened supervision over environment protection and pollution treatment. 10/29 16:37
China's Pay-TV space
Last week, most companies sold 7-ACA at RMB 660 ($96.63) per kilogram while the prices set by Livzon Pharmaceutical
holds much promise,
Group Inc. and Joincare Pharmaceutical Group Industry Co. Ltd. was RMB 650 ($95.17) per kilogram. Tao Libao, CEO of
DoXTV Corp
According to Healthoo, most major pharmaceutical companies, including Joincare Pharma, Shanxi Weiqida Pharmaceutical
Co. Ltd., Zhuhai United Laboratories Co. Ltd., and Shijiazhuang Pharmaceutical Group Co. Ltd., raised the price of the 10/28 15:08
intermediate to RMB 670 ($98.10) per kilogram. Molycorp seeks better
cooperation with
"Higher demand is another factor behind the price increase of 7-ACA," Zhou Jian, a pharmaceutical analyst from Healthoo, China's rare earths
told Interfax on Sept. 4. industry - Mark Smith, Molycorp
CEO
Cefazolin, ceftriaxone disodium and cefuroxime sodium, which use 7-ACA in the production process, are included in China's
national essential drug list, which was released on Aug. 18, suggesting that consumption of these drugs, and their raw 10/27 16:35

materials, will surge. The essential drug list mostly comprises commonly purchased generic drugs that patients receive China Sun Group
poised to capture
reimbursements for under their medical insurance.
electric car battery
However, as the Chinese government intends to keep prices of essential drugs at a low level, the prices of raw materials of market - Fu Guosheng, CEO of
China Sun Group
such drugs are unlikely to grow by a large margin, the analyst said.

"The average price of 7-ACA is expected to continue rising in the next few months but should remain lower than RMB 700 more»

($102.49) per kilogram. The average price of 7-ACA was about RMB 800 ($117.13) per kilogram in 2008," Zhou said.

-KZ

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