Opportunities in global generic market & Bangladesh is an emerging generic hub in Asia
Global generics market is valued at around US $1.3 Tn and is projected to grow $1.52 Tn by 2023 (Ref: IQVIA Market Prognosis, Sep 2018)
Generic drugs will continue to grow maintaining healthy rate
Drugs worth more than US $200 Bn coming off patent by 2025
Rising healthcare cost, particularly cost of medicine has become a global concern
Developed countries are increasingly promoting use of generic drugs
MNCs are increasingly outsourcing their production for cost containment
Bangladesh offers tremendous manufacturing cost advantages
Major generic hubs India and China are losing cost advantages
Medicine price in Bangladesh is currently among the lowest in the world
Extended patent waiver from TRIPS
Yes, you can get more from us if you are looking for CMOs
Pharmaceutical companies in Bangladesh are ideally positioned to provide high quality contract manufacturing services to companies from developed countries. Bangladesh pharmaceutical companies have-
Expanded geographical footprint
Many facilities are approved by global regulatory authorities
Cost advantages due to competitive white-collar labor & energy
Proven track record of MNC partnership
Expertise in diverse delivery systems, specialized high tech products
Investment friendly environment