PHARMACEUTICAL INDUSTRIES: POTENTIAL AND POSSIBILITIES
Keywords:
PHARMACEUTICAL INDUSTRIESAbstract
The contribution of pharmaceutical industry sector to the Bangladesh economy is extremely critical
as manufacturing sector’s share to GDP increased from 14.92% in 1998-99 to 16.58 % in
financial year (FY) 2005. In recent years, a rapidly growing, efficient and productive pharmaceutical
sector has emerged in Bangladesh. In the context of open market economy and the development
in DOHA round of WTO and TRIPs, Bangladesh is one of the most facilitated countries to
manufacture and export patented drugs till 2016. The trend of growth in pharmaceutical sector
has already added momentum to Bangladesh’s economy. The aim of the article is to identify
the opportunities of the sector and also to dig out the existing problems to indicate the possible
solutions. The objectives of the study are: determine the actual worth of pharmaceutical market
in Bangladesh; identify the situation of Bangladeshi pharmaceuticals in world market; examine
the potentials and possibilities of pharmaceutical sector of Bangladesh; verify the problems and
constraints of flourishing industries including manufacturing, marketing and exporting of pharmaceutical
goods and; make recommendations based on findings.
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References
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Regulating Drug Prices: Where do we go from here? Fiscal Studies, Vol. 19,
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Interviews
Samson H Chowdhury, Advisor, BAPI, 16 July 2006
Mr. Nazmul Hassan, Secretary General, BAPI, 08 August 2006
Mr. S M Shafiuzzaman, President, BAPI, 27 May 2006
Websites
www.tradepub.com
www.alliedhealth schools.com
www.espicom.com
health/biotech-almanac.htm