A greater effort should be provided to take this oppotunity and I am urging Bangladesh New Govt to implement the "Master Development Plan for Bangladesh Pharmaceuticals sector" developed by M. M. Chowdhury on 2006. - CEO, Amreteck LLC, USA --M. M. Chowdhury (Mithu), Virginia, USA Bangladesh Pharmaceuticals and Healthcare Report Q4 2008Bangladesh Pharmaceuticals and Healthcare Report Q4 2008 - companiesandmarkets.com adds new report
2009-01-08 18:59:02 - Bangladesh Pharmaceuticals and Healthcare Report Q4 2008 - a new market research report on http://www.companiesandmarkets.com www.companiesandmarkets.com/Summary-Market-Report/Bangladesh-Pha .. Bangladesh is one of Asia Pacific's most promising opportunities for drugmakers. It is already the seventh most populous country in the world, and the UN projects its population rising from 141.82mn in 2005 to 242.94mn in 2050. As with India, the population is young with an increasing proportion at working age. The UN forecasts that
Although most of Bangladesh´s population is extremely poor, with the International Monetary Fund (IMF) forecasting per capita GDP in 2008 at only US$472, or US$2,405 on a purchasing power parity (PPP) basis, this is around half the amount for India – a country widely seen as that with the greatest growth potential worldwide. Therefore, there is no reason why Bangladesh cannot be viewed as a ´mini- India´ in the making. The necessity for access to safe water was highlighted in September 2008 when Bangladesh braced itself for a water-borne disease epidemic, which causes rapid dehydration and can be fatal. In Dhaka an average of nearly 400 people daily were reporting conditions of serious dehydration, with 60% of the infected people seeking hospitalisation being children from squatter families living in low-lying shanties on the outskirts of Dhaka where there is little or no access to safe water. While the pharmaceutical market in Bangladesh is growing rapidly, 2008 is proving a challenging year for drugmakers in the country because a round of price cuts is planned and costs are increasing. However, two leading local companies, Beximco Pharmaceuticals and Square Pharmaceuticals, have had boosts in Australia and Hong Kong, respectively. Beximco became the first Bangladeshi company to receive Good Manufacturing Practice (GMP) clearance from Australia's Therapeutic Goods Administration (TGA) for its manufacturing facilities in the latter country, and Square Pharma became the first Bangladeshi company to receive clearance from the Medicines and Healthcare products Regulatory Authority (MHRA) – an executive agency of the UK Department of Health – to export pharmaceutical products to Hong Kong.
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