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What are Pharmaceutical Intermediates?

Pharmaceutical intermediates are chemical compounds that form the building blocks of active pharmaceutical ingredients (APIs). Pharmaceutical intermediates are produced as by-products during the production of APIs. Each reaction in the API production process produces a variety of different pharmaceutical intermediates. It can only be turned into API by further molecular change or refinement. Intermediates can be separated or not separated. Pharmaceutical intermediates are used in the production of bulk drugs and are also used by various pharmaceutical and biopharmaceutical companies for research and development purposes.
http://www.purestchem.com/pharmaceutical-intermediates/