AN A-Z OF BANGLADESH PHARMACEUTICAL INDUSTRY


AN A-Z OF BANGLADESH PHARMACEUTICAL INDUSTRY


AK Mohiuddin, Assistant Professor

Department of Pharmacy, World University of Bangladesh, Bangladesh 151/8, Green Road Dhanmondi, Dhaka – 1205, Bangladesh


American journal of educational research and reviews

Objective: Discussion and projection of Bangladesh pharma market in a multi-dimensional approach. Methodology: Inclusive data collection from newspapers, journals, newsletters, news reports and updates. The true focus was on historical data collection, current market scenario, projections by experts in related fields, drug dealers, mergers and acquisitions, market trend analysis reports and newer development prospects. Findings: Bangladesh pharma market has tremendous hope, although going through lots of anomalies. Reasons behind are economic development, population blast, investment scopes, FDIs along with many other unexplained matters. 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. Limitation: Market is too big to be explained in a single article. The term “A -Z” doesn’t reveal all information about Bangladesh pharma market is accomplished, rather 26 letters used in 26 headlines, that means 26 points of this market is discussed that surely comprised a greater part of it. Practical Implication: Along with students, researchers and professionals of different background and disciplines, e.g. Pharmacists, marketers, finance companies and regulatory authorities have to acquire much from this article.


Keywords: API Project; National Drug Policy (NDP), The Directorate General of Drug Administration (DGDA), Export-Import; Unethical Promotion; Market Competition; Generic Drugs


Free Full-text PDF


How to cite this article:
AK Mohiuddin. AN A-Z OF BANGLADESH PHARMACEUTICAL INDUSTRY. International Journal of Marketing Research, 2019,1:2.


References:
1.DGDA Directorate General of Drug Administration Web: http://www.dgda.gov.bd/
2.Janet B. Kees K. Dinesh N. Public and private sector approaches to improving pharmaceu-tical quality in Bangladesh South Asia, Human Development Department THE WORLD BANK August 2007
URL: docu-ments.worldbank.org/curated/en/…/683570WP0P10250IC00Discussion0paper.pdf
3.Fazlur MR Silver jubilee special Window of opportunity for the pharma industry The Daily Star February 02, 2016
URL: https://www.thedailystar.net/supplements/25th-anniversary-special-part-2/window-opportunity-the-pharma-industry-210937
4.Ramesh S. Articles Economitimes India Developments in Bangladesh | Page 31 – Pakistan Defense URL: https://defence.pk/pdf/threads/developments-in-bangladesh.184826/page-31
5.Habib MA, Zahedul MA Business Analysis of Pharmaceutical Firms in Bangladesh: Prob-lems and Prospects Journal of Business and Technology (Dhaka) Volume–VI, Number–01, January-June, 2011 (Page 61-77)
URL: https://www.banglajol.info/index.php/JBT/article/viewFile/9995/7427
6.Hussain F. Pharma Mirror Research: Pharmacists’ Satisfaction in Professional Life in Bang-ladesh Pharma Mirror August 14, 2013
URL: http://www.pharmamirror.com/editors-picks/own-research-pharmacists-satisfaction-in-professional-life-in-bangladesh/
7.Pratik B. Report on Pharmaceutical Industry of Bangladesh Oct 25, 2015
URL: https://www.scribd.com/document/286906568/Report-on-Pharmaceutical-Industry-of-Bangladesh
8.Saidul MI Therapeutic drug use in Bangladesh: policy versus practice Indian Journal of Medical Ethics Vol V No 1 January- March 2008 Page 24-25.
9.UHAVEPASSED Legal and Ethical issues in business
URL: https://ethical.uhavepassed.com/legal-and-ethical-issues-in-business/
10.Nusrat J., Akter MH and others Review on Pharmacovigilance Practice for Safety of Medi-cation System in Bangladesh Bangladesh Pharmaceutical Journal 20(1): 105-114, 2017
11.Development dialogue 1995:1 Essential Medicines and Health Products Information Portal A World Health Organization resource URL: http://apps.who.int/medicinedocs/en/d/Js19176en/
12.bdnews24.com Apollo Hospitals in Dhaka fined for selling counterfeit drugs, keeping ex-pired reagents February 02, 2018
URL: https://bdnews24.com/bangladesh/2018/02/19/apollo-hospitals-in-dhaka-fined-for-selling-counterfeit-drugs-keeping-expired-reagents
13.UNB DhakaTribune United Hospital fined TK20 lakh for use of expired reagent, selling un-approved drugs March 21st, 2018
URL: https://www.dhakatribune.com/bangladesh/dhaka/2018/03/21/united-hospital-fined-expired-reagent
14. Star Online Report 7 staff of Crescent Hospital jailed for providing wrong treatment
Fined Tk 10 lakh The Daily Star March 28, 2018
URL: https://www.thedailystar.net/city/seven-staff-crescent-hospital-jailed-providing-wrong-treatment-1554715
15. Anwar H. Anomalies galore at private clinics, diagnostic centres in Chittagong DhakaTribune September 29th, 2017
URL: https://www.dhakatribune.com/bangladesh/nation/2017/09/29/anomalies-private-clinics-chittagong
16.Zyma I. Why your drugs don’t work A simple break in the supply chain is compromising life-saving drugs and diagnostic tests. The Daily Star September 22, 2017
URL: https://www.thedailystar.net/star-weekend/spotlight/diagnosing-the-drug-supply-chain-1465561
17.Sohel P. Contract manufacturing brings new hope for pharma companies the Daily Star March 08, 2015 URL: https://www.thedailystar.net/contract-manufacturing-brings-new-hope-for-pharma-companies-42159
18.Sohel P. Herbal medicines get new lease of life The Daily Star July 11, 2009
URL: https://www.thedailystar.net/news-detail-96489
19.Unb Dhaka Herbal medicine market to cross Tk 2,500cr by 2020
URL: archive.thedailystar.net/newDesign/cache/cached-news-details-234863.html
20.Habib A. GSK seeks shareholders’ nod to close pharma unit The Daily Star September 14, 2018 URL: https://www.thedailystar.net/business/news/glaxosmithkline-gsk-bangladesh-seeks-shareholders-nod-close-pharma-unit-1633603
21.Staff Correspondent, bdnews24.com Beximco completes Nuvista acquisition in a first for Bangladesh pharmaceutical industry April 03, 2018
URL: https://bdnews24.com/business/2018/04/03/beximco-completes-nuvista-acquisition-in-a-first-for-bangladesh-pharmaceutical-industry
22.Star Business Report Eskayef beats rivals in sales growth The Daily Star January 26, 2012 URL: https://www.thedailystar.net/news-detail-219890
23.ACI Website URL: http://www.aci-bd.com/pharmaceuticals.php
24.Online News World Cancer Day celebrated at Apollo Hospitals Dhaka The Daily Star Febru-ary 11, 2018 URL: https://www.thedailystar.net/health/world-cancer-day-celebrated-apollo-hospitals-dhaka-1532716
25.Staff Correspondent High Court bans 34 pharmaceutical companies from producing medi-cines bdnews24.com February 13, 2017
URL: https://bdnews24.com/business/2017/02/13/high-court-bans-34-pharmaceutical-companies-from-producing-medicines
26.Staff Correspondents 20 rogue drug companies to lose licences The Daily Star April 22, 2016 URL: https://www.thedailystar.net/backpage/20-rogue-drug-companies-lose-licences-1212607
27. Sun Online Desk High Court upholds order on banning 34 pharmaceutical companies from producing medicines The Daily Sun February 13, 2017 URL: http://www.daily-sun.com/post/205401/High-Court-upholds-order-on-banning-34-pharmaceutical-companies-from-producing-medicines
28.Zubair L. PRESENT STATUS OF PHARMACY EDUCATION AND FUTURE PROSPECTS AND CHALLENGE OF PHARMACY PRACTICE IN BANGLADESH Journal of Drug Discov-ery and Therapeutics 1 (2) 2013, 01-09 ISSN: 2320 – 4230