PHARMACEUTICAL IINDUSTRIES IN BANGLADESH

INDUSTRY OVERVIEW• Inception:around1950• No of companies : more than 231• Market size:76.5 billion BDT• Market growth:24.30%• Position:2nd (after garments) in industry sector• Demand covers:97% of domestic market• No of medicine brands:5300• Market share : domestic 80% & MNC 20%• Exports:71 countries

INDUSTRY OVERVIEW• The industry was incepted in 1950

• After liberation (1971) market was dominated by MNC &ware dependent on imports

• In 1982” national drug policy”& “drug control ordinance” introduction

• In 1982 there were 133 local firms

• Since the domination of local firms started

INCIDENT FOR MANUFACTURING OF DRUGS:

•At least 28 children died of renal failure, caused by ingesting the paracetamol syrup and suspension, across the country from June to August of 2009

•A Dhaka court on Sunday granted bail to two Rid Pharmaceuticals Ltd senior officials in a case filed over their production of Paracetamol syrup, which killed at least 28 children in 2009.

•Judge M Atoar Rahman of the Dhaka Drug Court granted them bail on a bond of Tk10,000 after hearing a bail petition submitted by their counsel Md Anwar Zahid Bhuiyan.

•The two senior officials are Rid Pharma Managing Director Mizanur Rahman and Director Sheuli Rahman, who is also his wife.

•Rid Pharma had used diethylene glycol instead of propylene glycol since diethylene glycol costs Tk200 per litre while propylene glycol costs Tk1,100 per litre.

DRIVERS OF CHANGESome common drivers for the market are• Technological advancement • Export opportunity • Changing lifestyle• Globalization• Government regulation & control• Competative environment

• MOST OF TODAY'S MAJOR PHARMACEUTICAL COMPANIES WERE FOUNDED IN THE LATE 19TH AND EARLY 20TH CENTURIES.

HISTORY

• ARABIAN PHARMACISTS OPENED THE FIRST DOCUMENTED DRUGSTORE