Pharmaceutical Industry in Bangladesh

Following the Drug (Control) Ordinance of 1982, some of the local pharmaceutic companies improved range and quality of their products considerably. The national companies account for much than 65% of the pharmaceutical business in Bangladesh. However, among the top 20 companies of Bangladesh 6 are transnationals. Almost solely the behavior thriftiness imported products and new innovative molecules are channelled into and marketed in Bangladesh by means of these companies. Multinational and large national companies generally follow topical good manufacturing practices (cGMP) including rigorous quality overtop of their products. The Drug knead of 1940 and its rules formed the basis of the inelegants drug legislation. Unani, ayurvedic, homeopathic and biochemic medicines were exempted from control under the legislation. The pharmaceutical industry was dominated by the alien companies at that time. Even in the allopathic market in that respect were extemporaneous preparations dispensed from retail pharmacies. The pharmaceutical industry, however, like all other sectors in Bangladesh, was much neglected during Pakistan regime. Most transnational 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 some(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 medicinal products considered harmful, useless or unnecessary got removed from the market allowing accessibility 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 cheap level. In 1981, there were 166 licensed pharmaceutical manufacturers in the country, just local production was dominated by eight multinational companies... If you want to get a full essay, order it on our website: Ordercustompaper.com

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