The global price of Biotin has remained stable over the last 5 months, coming down from a peak in March 2020. A recent intellectual property settlement between DSM and Anhui Tiger Vitamin could put an end to this market stability.
China’s Supreme People’s Court has sided with DSM in a patent case against the Chinese vitamin maker Anhui Tiger Vitamin, a subsidiary of the food and drug ingredient company BBCA Group. The case involved the patent for a critical step in the efficient synthesis of Biotin. Anhui Tiger Vitamin was ordered to stop all use of the process and pay damages to DSM. The company will likely need to switch to more inefficient alternatives for production.
Tryptophan Prices Skyrocketing
Tryptophan prices have increased 66% globally in the last two months. Other amino acids have increased in a similar fashion. In addition to global issues in freight and rising commodity prices, a recent announcement from the Inner Mongolia Region of China may place further upward pressure on amino acid prices.