IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Grindeks Opens API Plant in Latvia

1:20 AM MDT | June 21, 2011 | Deepti Ramesh

Pharmaceutical company Grindeks (Riga, Latvia) says it has opened an active pharmaceutical ingredients (API) manufacturing unit at Riga. Construction of the plant began in 2009 following a cooperation agreement on regular ursodeoxycholic acid (UDCA) supply was concluded with Marenis Pharma (Bingen am Rhein, Germany). The world market of UDCA API is gradually, Grindeks says. There are only five manufacturers of this active substance globally. Grindeks plans to capture about 15% of UDCA API’s world market by 2014. Grindeks says its strategy is to develop and...

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