Bayer raises, Torrent cuts supplies as Brazil lowers pharma import hurdles

Brazil 378 Coronavirus 507 European Union 774 Health Care 344 India 466 Tariffs 1768

The Brazilian government is cutting tariffs and regulations related to medical supply imports in order to tackle potential shortages linked to the coronavirus outbreak. Yet, it will still face limits caused by other countries’ export restrictions. Brazilian seaborne imports of pharmaceuticals increased by 1.5% year over year in January. That included a 10.5% surge in shipments from Europe which represented 69.5% of the total in 2019. There was a 150% jump in shipments by Bayer though imports linked to Novartis and GlaxoSmithKline fell. Shipments from Indian suppliers meanwhile fell by 26...

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