Pharmaceutical Industry in Bangladesh

Following the Drug (Control) Ordinance of 1982, some of the local pharmaceutical companies improved range and quality of their products considerably. The national companies account for to a greater extent than 65% of the pharmaceutical business in Bangladesh. However, among the top 20 companies of Bangladesh 6 are internationals. Almost every(prenominal) the flavour scrimping imported products and new innovative molecules are channelled into and marketed in Bangladesh through these companies. Multinational and large national companies generally follow authorized good manufacturing practices (cGMP) including rigorous quality say-so of their products. The Drug make for of 1940 and its rules formed the basis of the arenas drug legislation. Unani, ayurvedic, homeopathic and biochemic medicines were exempted from control under the legislation. The pharmaceutical industry was dominated by the overseas companies at that time. Even in the allopathic market thither were extemporaneous preparations dispensed from retail pharmacies. The pharmaceutical industry, however, like all other sectors in Bangladesh, was much neglected during Pakistan regime. Most international companies had their production facilities in West Pakistan. With the emergence of Bangladesh in 1971, the country inherited a poor base of pharmaceutical industry.

For several(prenominal) years after liberation, the government could not increase budgetary allocations for the health sector. Millions of people had little access to essential life saving medicines. With the promulgation of the Drug (Control) Ordinance of 1982 many medicative products considered harmful, useless or unnecessary got removed from the market allowing handiness of essential drugs to increase at all levels of the healthcare system. increase competition helped maintain prices of selected essential drugs at the minimum and low-priced level. In 1981, there were 166 licensed pharmaceutical manufacturers in the country, save local production was dominated by eight multinational companies... If you want to get a full essay, order it on our website: Orderessay

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