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November 2020 - Newsletter #6

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Drug Ingredient Prices Are Spiking Which Suggests Drug Prices Could Increase

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We have advised customers about the heightened risk of more drug shortages across drugs in multiple classes as the next wave of the pandemic gives rise to new lockdowns and pharmaceutical export bans while the demand for prescription drugs increases like it did during the first wave.

It is important to be aware of the increasing cost of the raw materials used to make pharmaceuticals and its potential impact on finished dosages. The US, and much of the rest of the world, is heavily reliant on Indian made finished dosages and India is in turn heavily reliant on the Chinese raw materials required to produce those finished dosages.

… "[i]n the last three-six months, prices of APIs [active pharmaceutical ingredients] from China have gone up 20-35 per cent, according to pharma industry associations."

As reported in an Indian news magazine article titled, China Hikes Prices of Drug Ingredients; raises concerns in Indian pharma industry, "… China has hiked prices of key starting materials (KSMs), used for making medicines, by 10-20 per cent."

The article further notes that, "[i]n the last three-six months, prices of APIs [active pharmaceutical ingredients] from China have gone up 20-35 per cent, according to pharma industry associations." The authors conclude by saying that, "… any supply chain snag, as witnessed during the COVID-induced shut down in Wuhan earlier this year, or hike in these ingredients by China is likely to have immediate repercussions in the Indian pharma world."

We remain concerned that these and further price increases in raw materials could quickly cause the price of finished dosages of prescription drugs sold globally to rise.

Help Us Help You to Get Ahead of Price Increases and Drug Shortages

So please help us help you to get ahead of any price increases and drug shortages as the next wave of the pandemic spreads while export bans and lockdowns are expected to exacerbate challenges in acquiring inventories in the near future. The best thing you can do to help secure inventory for your medications at the current prices is to order well in advance. This gives us more time, if necessary, to procure what might be difficult to source inventory and get it shipped to you well before you are going to run out of your supply at home. We encourage customers who may need medications in the coming months to place their orders now.

With more than 375,000 customer reviews, NorthWestPharmacy.com is the most reviewed and independently five-star rated online pharmacy in the world providing lower cost medications from abroad to customers worldwide. Nobody offering safe and affordable pharmaceuticals from abroad can match our supply and delivery capacity during this difficult time so please be assured we are successfully leveraging all our capacity and ensuring orders reach customers as fast as possible in the circumstances.

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