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Pharma ingredients: Western manufacturers prepare for further expansion

3:00 PM MST | February 15, 2013 | —Deepti Ramesh

The active pharmaceutical ingredient (API) industry will see further growth in the near term, and Western manufacturers are making additional investments as they prepare to take advantage of the upturn. Meanwhile, recent regulatory changes in the United States are likely to alter the industry over the next few years, experts say. The current size of the global API industry is about $60 billion in terms of annual sales—and it is poised for further growth, analysts say. “Demand for APIs continues to grow, and the global API industry is expected to grow...

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