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Beximco Pharma commences exports to Jordan

Monday, 1 October 2007


FE Report
Beximco Pharmaceuticals Ltd, the leading drug manufacturer and largest exporter of the country, has started supplying its medicine to Jordan as the first company of Bangladesh, a company statement said Sunday.
Beximco Pharma has received marketing authorization for four products in Jordan and a number of other products are in the registration process, company officials said.
Jordan, which has around US $315 million pharmaceutical market, is heavily dependent on imported drugs and more than 70 per cent medicines are imported from Europe.
Nazmul Hassan, CEO of Beximco Pharma, said "Having a market size of around US $8 billion and growth rate second only to Southeast Asia and China, the Middle East is strategically important in our global expansion plan. Being a member of GAFTA and with its well developed infrastructure and a high standard healthcare system, Jordan has already established itself as a regional hub for healthcare services and pharmaceutical trade."