FINWIRES · TerminalLIVE
FINWIRES

Sandoz Seeks EU Anti-Dumping Duties Against Chinese Antibiotic Active Ingredients

By

Swiss generic drug manufacturer Sandoz filed an anti-dumping complaint against Chinese imports of amoxicillin before the European Commission, it said in a Thursday news release.

The drugmaker said Chinese imports engaged in clear market-manipulating behavior through sustained below-cost pricing of state-subsidized penicillin active pharmaceutical ingredients, it said.

With up to 90% of antibiotic APIs primarily made in China, Europe faces a "crucial strategic vulnerability" detrimental to public health, Sandoz CEO Richard Saynor said.

Related Articles

Asia

Bharatam Ventures Board Approves Acquisition in Sugar Processing Firm; Shares Up 5%

Bharatam Ventures (BOM:524046), formerly known as Pet Plastics, said its board approved the acquisition of 149,998 equity shares in Penganga Sakhar Karkhana for about 18 million Indian rupees as part of its expansion into the sugar and agro-processing business, according to a Thursday filing on BSE.Shares of the company jumped 5% in Friday's trade.The transaction is expected to be completed within 30 days of the execution of the share purchase agreement on May 27, subject to customary conditions, the filing said.Upon deal completion, Penganga Sakhar Karkhana will become a subsidiary of Bharatam Ventures, it added.

$BOM:524046
Asia

SAIC Motor Hits 100 Million Vehicle Milestone

SAIC Motor (SHA:600104) has become China's first automaker to reach 100 million units in cumulative production and sales, according to a Thursday news release.Shares of the company rose 2% Friday.The company celebrated by delivering its 100 millionth vehicle, an IM LS9 SUV, to Momenta Chief Executive Cao Xudong.SAIC Motor's new energy vehicle sales hit a record in 2025, surpassing one-third of its 4.5 million total sales, up from under 0.1% in 2014, Xinhua News reported Thursday.Overseas sales surged 50% in early 2026, with MG selling over 120,000 units in Europe. Cumulative overseas deliveries now exceed 7 million units across over 170 countries, according to the report.

$SHA:600104
Asia

Market Chatter: Formosa Plastics Expects Earnings Rebound in Q2

Formosa Plastics (TPE:1301) expects stronger earnings momentum in 2026, with management forecasting a sharp rebound in second-quarter profit followed by a potential return to full-year profitability, CNA reported Thursday, citing Chairman Kuo Wen-pi.He said second-quarter results are likely to improve significantly from the first quarter, supported by higher petrochemical prices and tighter supply conditions stemming from disruptions in Middle East capacity, according to the report.Despite an expected NT$10 billion loss in 2025, the company pointed to improving margins, seasonal demand strength, and downstream investment gains as factors supporting the outlook, while maintaining a NT$0.5 per share cash dividend, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TPE:1301