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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Albemarle to Increase Prices of Generic APIs

3:27 AM MDT | September 13, 2011 | Deepti Ramesh

Albemarle says it will increase global prices for generic active pharmaceutical ingredients (APIs) by 8%-12% depending on the specific product. The price increases will take effect starting October 15, 2011, or as contracts allow, Albemarle says. “The price increase will ensure that through a challenging economic environment, we are able to maintain the superior quality, regulatory status and services,” Albemarle says. Albemarle's generic APIs are part of the company’s fine chemistry services (FCS) division in the Fine Chemistry global business...

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