MUMBAI: Blame it on the forthcoming Beijing Olympic. The prices of many bulk drugs such as ranitidine, aminophylline, amoxycilline and ampicillin have shot up by around 50% in the past three months after the Chinese government stopped production at numerous chemical firms major suppliers to Indian drug companies to make the Olympics city pollution-free. Indian firms have been hit as they used to import some major feedstocks, including propylene, ethylene, diethylene glycol, styrene monomer and caustic soda from these Chinese companies, pharma traders said. ET on June 17 had reported that medicine prices have started going up because of Chinese ban on chemical exports. We have already asked the members of our association to keep a watch on the price movements. The prices of some drugs have already started to move up. However, it may take some more time to get the real picture of the impact, JS Shinde, general secretary, All India Association of Chemists and Druggist said. Indian com...