Indian moves on opium-based drugs

13 August 2006

An Indian Finance Ministry draft notification proposes to allow private pharmaceutical companies to process opium and manufacture opium-based drugs such as morphine, codeine, thebaine and noscapine for export.

The notification seeks changes in the Narcotic Drugs and Psychotropic substances rules and schedules. The decision will end the government's 200-year old monopoly over processing of raw opium and help step up export of these drug intermediates. Allowing private players in the sector is also expected to facilitate modern technology manufacturing of codeine phosphate, a major ingredient in cough preparations. At present, codeine phosphate is imported.

India, which industry sources say is the only country with the legal mandate under the Vienna-based International Narcotics Control Bureau to export raw opium and produce morphine through conventional processing, in the 12 months to March 31 exported 500 tonnes of raw opium to Australia and France at $72 a kilo.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight