- Indonesia clears decks for foreign API manufacturers
The administration of Indonesian President Joko Widodo has cleared the decks for foreign firms to own 100% of active pharmaceutical ingredient operations....Indonesia's three largest pharmaceutical companies are the biggest importers of raw materials and the change is expected to help them meet soaring demand as the country widens access to medical insurance...The change in foreign investment restrictions could help reduce the reliance on importing raw materials used to make drugs...domestic industry needs investments of more than $1 billion to cut dependence on imports of APIs and related raw materials...