Highlights - Significant global market share in the vitamin D3 API market - Backward integration project reduces sourcing risk - Key challenge is margin fluctuation in animal feed applications - Long term positioning as a nutraceuticals company - Valuation is attractive for the vitamin business The oligopolistic market of Vitamin D3 (Cholecalciferol) API (active pharmaceutical ingredient) has come into focus due to China’s dominance and the recent global supply chain disruption due to the Coronavirus epidemic. However, unlike other streams in the pharma industry, the supply of Vitamin D3 is...
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