An A-Z of Pharma Industry Review: Bangladesh Perspective

  • A K Mohiuddin World University of Bangladesh
Keywords: National Drug Policy, The Directorate General of Drug Administration, Pharmacy Council of Bangladesh, Bangladesh Pharmaceutical Society, Bangladesh Association of Pharmaceutical Industries

Abstract

After liberation, Bangladesh pharma industry was largely dominated by the import dependent MNCs. On or before 1982 ordinance, 75% of the market was dominated by the MNCs and the rest share was with the other 133 local companies. After NDP formulation and the Drug Control Ordinance, there was a dramatic change of reverse. By 1994, a few pharma companies achieved a tremendous growth and they reinvest their profit for faster return. By next decade, Bangladesh is aiming to 30 world class drug manufacturers to establish strong footstep in global pharma market. Bangladesh, as an LDC got exempted from the obligation of patent and data protection in this arena until 2033. Interestingly, Bangladesh already passed across the LDC landmark to a developing country. So, there’s window of opportunity of more than a decade to grow further from that aspect.

Author Biography

A K Mohiuddin, World University of Bangladesh

Faculty of Pharmacy,
World University of Bangladesh,
Dhaka, Bangladesh

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Published
2018-12-01
How to Cite
[1]
Mohiuddin, A.K. 2018. An A-Z of Pharma Industry Review: Bangladesh Perspective. PharmaTutor. 6, 12 (Dec. 2018), 64-78. DOI:https://doi.org/10.29161/PT.v6.i12.2018.64.