Introduction

Introduction

Pharmaceutical Industry is one of the Bangladesh’s Success stories. At present, it is the one of most technologically advanced industry. This industry is a matter of great pride for Bangladesh. All most 300 pharmaceutical companies are operating recently. Current market size is almost 30,000 million taka per year. Only 3% of drugs are imported and rest 97% come from local companies. In Pharmaceutical Industry, positive development has made it possible to export medicine in global market.

At present, Bangladesh’s pharmaceutical is effectively exporting their products to 79 countries. The number is expected to increase in coming years. Moreover, regular products like tablets and capsules; HFA Inhalers; nasal sprays; IV infusions and other high tech products are being exported from the country. Bangladesh’s pharmaceuticals products in every way meet international standard.

Real growth of Pharma industry has started in Bangladesh from 1982, when Drug Control and Ordinance was circulated. The restriction of unequal import of drugs encouraged local companies to increase their own production.  

Skillful attitudes, knowledge, and innovative ideas from professionals are the key reason for the success of Pharma industry. After 1990s, some of the companies started producing insulin, hormones, and cancer fighting drugs those were not previously produced in Bangladesh. These companies are continuing to expand their business in global market. The foremost Pharma companies are Square Pharma, Incepta Pharma, Beximco Pharma, Opsonin and Renata pharmaceuticals.