Sun Pharma says shortage of hypertension drug in US

  • Pindolol, sold under the brand name Visken by Novartis, is an orally administered drug used alone or with other medications to treat high blood pressure
  • The coronavirus outbreak has disrupted international businesses dependent on Chinese supplies

Reuters
Updated2 Mar 2020, 11:15 PM IST
Sun Pharma, however, reiterated that there had been some impact on supplies for a few APIs
Sun Pharma, however, reiterated that there had been some impact on supplies for a few APIs

Bengaluru: Indian drugmaker Sun Pharmaceutical Industries Ltd reported a shortage of its generic version of hypertension drug pindolol in the United States due to a lack of pharmaceutical ingredients, but said the shortfall did not stem from China.

Indian companies are the main supplier of generic drugs to the world and procure almost 70% of the active pharmaceutical ingredients (APIs) for their medicines from China.

The coronavirus outbreak has disrupted international businesses dependent on Chinese supplies and industry experts expect Indian generic drugmakers to face supply shortages from China if the epidemic drags on.

"At the moment, we haven't seen any major disruption in API supplies due to the coronavirus outbreak in China," Sun Pharma said in an email on Monday, without giving details on the reasons for the shortfall in pindolol ingredients.

"We have sufficient inventory of API and raw materials for the short term," it added.

Sun Pharma, however, reiterated that there had been some impact on supplies for a few APIs, but did not identify the drugs that might be affected.

Last week, the U.S. Food and Drug Administration announced the first coronavirus-related drug shortage in the United States, but declined to name the drug in question, leaving industry players debating which medicines were at risk.

Pindolol, sold under the brand name Visken by Novartis, is an orally administered drug used alone or with other medications to treat high blood pressure.

Other generic drugmakers in India say they currently have enough API supplies from China to cover their operations for up to about three months.

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:2 Mar 2020, 11:15 PM IST
Business NewsCompaniesNewsSun Pharma says shortage of hypertension drug in US

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    152.05
    03:59 PM | 20 SEP 2024
    2.45 (1.64%)

    ICICI Bank

    1,340.25
    03:51 PM | 20 SEP 2024
    48.7 (3.77%)

    NTPC

    424.15
    03:57 PM | 20 SEP 2024
    0.15 (0.04%)

    ITC

    514.90
    03:59 PM | 20 SEP 2024
    6.7 (1.32%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Asahi India Glass

    778.35
    03:45 PM | 20 SEP 2024
    69.5 (9.8%)

    Garden Reach Shipbuilders & Engineers

    1,859.75
    03:59 PM | 20 SEP 2024
    163.7 (9.65%)

    RITES

    373.60
    03:58 PM | 20 SEP 2024
    32.37 (9.49%)

    Housing & Urban Development Corporation

    250.95
    03:59 PM | 20 SEP 2024
    20.6 (8.94%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      75,125.001,775.00
      Chennai
      75,131.001,821.00
      Delhi
      75,283.001,853.00
      Kolkata
      75,135.001,725.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.85/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts