There are a number of manufacturers of active medicinal compounds that are increasing their footprint over the entire world. Manufacturers of active pharmaceutical ingredients (API) are setting up their commercial production units in Asia in order to maintain their position in the market and obtain an advantage over other businesses in the same industry. For example, in April of 2018, STA Pharmaceutical, a subsidiary of WuXi AppTec, inked an investment agreement with the government of Shanghai to construct a new research and development (R&D) center for active pharmaceutical ingredients (APIs) and intermediates. This facility will be placed near to the company's current drug-substance manufacturing site in Jinshan. More than 30,000 square meters of laboratory space and 500 additional scientists are going to be added by the corporation.
The global Active Pharmaceutical Ingredient (API) Market is estimated to be valued at US$ 206.0 billion in 2021 and is expected to exhibit a CAGR of 6.8% during the forecast period (2021-2028).
Leading Companies in the Pharmaceutical Ingredients Industry:
1. Teva Pharmaceutical Industries Ltd.
Teva Pharmaceutical Industries Ltd.was founded in 1944 and its headquarter in Tel Aviv-Yafo, Israel.The company operates in 60 countries.
2. Pfizer, Inc
Pfizer Inc. was launch in 1849. And its headquarter - New York, New York, United States. It operate over 40 country
3. Dr. Reddy’s Laboratories Ltd
Dr. Reddy’s Laboratories Ltd was launch in 1984 and it’s headquarter located in Hyderabad india.it operate over 140 country .In2020 Reddy's Laboratories Ltd. has on announced that it has acquired the trademark rights of the breast cancer drug.
4 Novartis AG
Novartis AG was launch in 1996 and it’s headquarter located in Basel, Switzerland.it operate over 140 country In 2019 — Sandoz announces agreement to acquire Aspen's Japanese operations and associated assets,.
5. Mylan N.V
Mylan N.Vfounded in 1961, with its headquarters in Canonsburg, Pennsylvania, United States. .With businesses in over 197 countries. In 2020 Hyundai partnered with Motional to develop the IONIQ 5-based robotaxi, equipping it with advanced autonomous driving technology
6 Amneal Pharmaceuticals LLC
Amneal Pharmaceuticals LLC was launch 1903 and its headquarter Dearborn, Michigan, United States . it operate over 165 country.in 2019 announced a definitive agreement to combine Mylan with Upjohn, Pfizer's off-patent branded and generic established medicines
7. Lonza Group
Lubrizol Corporation founded in 1897, with its headquarters in Basel, Switzerland. .With businesses in over 35countries. In 2022 Lonza Launches New Capsule to Deliver Acid-Sensitive Active Pharmaceutical Ingredients to the Intestine
Definition- The pharmaceutical industry manufactures drugs that involves active pharmaceutical ingredient (API) and excipient.
