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  • Cephalosporin CMOs discontinue or downsize business
  • by Kim, Jin-Gu | translator Alice Kang | May 3, 2022 06:09am
CMOs that manufacture cephalosporin antibiotics in Korea are discontinuing or downsizing their businesses
3 companies discontinue or reduce manufacture in one year¡¦Consignors competing to ¡®hire new consignees¡¯
¡°Is non-profitable due to rising labor costs and sharp rise in raw material prices in China and India¡±
CMO companies that have been manufacturing cephalosporin antibiotics upon consignment are either shutting down or reducing their business one after another. Given the limited number of domestic manufacturers, existing consignors are in a rush to find new consignees.

Due to this, industry concerns are rising over how this breakaway among consignees may accelerate due to the increased production cost and lead to an antibiotic crisis in the second half of the year.

¡ß3 CMOs discontinue or reduce manufacture in 6 months

According to industry sources on the 3rd, A mid-sized pharmaceutical company, Company A, recently delivered its plan to discontinue the manufacture of cephalosporin to its consignees.

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