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Sanofi API Unit Expects $1bn Sales By 2022

New API Company Will Cut European Reliance On Asian Raw Materials

 
• By Penelope MacRae

Sanofi has announced plans to create the world’s second-largest API manufacturer to help ease European drugmakers’ dependence on supplies of raw materials from China and India.

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Sanofi says its plan to create a new API manufacturer will ease dependence on Asian supplies of raw materials • Source: Shutterstock

Sanofi has announced plans to launch a “powerhouse” active pharmaceutical ingredient manufacturing company aimed at helping avert shortages of key drug raw materials in Europe and elsewhere and balance the pharmaceutical industry’s heavy reliance on essential molecules sourced from Asia. 

The Paris-based drugmaker said the plans to set up what it says will be the world’s second-largest API manufacturing company...

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