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The supply chain for APIs is intricate, often spanning multiple countries and industries. The globalization of API manufacturing has benefits, including cost reduction and access to a broader range of expertise. However, it also presents challenges, such as ensuring a consistent supply of high-quality materials. The COVID-19 pandemic underscored these vulnerabilities, highlighting the importance of supply chain resilience in the pharmaceutical sector.
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Formulation refers to the process of combining APIs with other substances to develop a viable drug product. These additional substances, often referred to as excipients, can include fillers, binders, preservatives, and stabilizers. The formulation is crucial because it determines the drug's stability, absorption, distribution, metabolism, and excretion (ADME) properties.
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