Moneycontrol PRO
HomeNewsIndiaCoronavirus outbreak: Paracetamol prices rise 40%

Coronavirus outbreak: Paracetamol prices rise 40%

The coronavirus outbreak, which has caused over 1,800 deaths in China, has forced some factories in the country to halt production.

February 18, 2020 / 19:37 IST
X

Prices of paracetamol, a medicine commonly used to treat fever, have gone up 40 percent in India as the coronavirus outbreak hit production in China according to a report by The Times of India.

The price of azithromycin, an antibiotic, has risen by 70 percent, Pankaj R Patel, chairman of Zydus Cadila told the publication.

The coronavirus outbreak, which has caused over 1,800 deaths in China, has forced some factories in the country to halt production.

This hurts the supply chain distribution of products to other countries, such as India, which is the world’s largest generics supplier.

If supplies do not recover by the first week of March, then the Indian pharmaceutical industry could face some shortage in finishing drug formulations starting from April, Patel told the paper.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

In the short-to-medium term, there might be a significant increase in the cost of active pharmaceutical ingredients — the basic substance used to make drugs, Patel added.

India relies on China for 80 percent of its active pharmaceutical ingredient requirement, the report added.

Moneycontrol News
first published: Feb 18, 2020 04:03 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
CloseOutskill Genai