Business Coronavirus impact: India's dependence on Chinese APIs may lead to drug price rise, shortage Updated : February 12, 2020 07:09 AM IST Heads of pharma companies point out that almost 80 percent of India’s key starting material for production of cephalosporin, a type of antibiotic, is from China. Pharma companies with dependence on Chinese APIs are monitoring the situation on a daily basis with their suppliers. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.