Malaysian Government approves new generics facility

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Malaysian Government approves new generics facility

Generics/General | Posted 03/03/2017 0 Post your comment

Bangladesh-based generics firm Beximco Pharmaceuticals (Beximco) has made a deal with Malaysia’s BioCare Manufacturing (BioCare) to manufacture and supply differentiated medical products in the country.

Beximco manufacture and sell generic drug formulations and active pharmaceutical ingredients (APIs). The company’s manufacturing facility in Bangladesh’s capital Dhaka is able to produce various dosage forms including tablets, capsules, liquids, inhalers and injectables. It has now formed an agreement with Malaysia’s BioCare, representing the company’s first overseas manufacturing deal.

The joint venture is part of the Malaysian Government’s economic transformation programme, which aims to increase investment in the Malaysian pharmaceutical industry, improve manufacturing facilities and promote local production.

Beximco will provide full technical support to establish a Malaysian manufacturing base for a range of generic, specialized pharmaceutical products, including inhalers. The facility will be based at Seri Iskandar Pharmaceutical Park, Perak, in the northwest of Malaysia. BioCare will fund and operate the facility, and offer Beximco 30% equity shares in the joint venture in return for its technical support.

Beximco’s Managing Director Nazmul Hassan commented that the joint venture could help to address unmet medical needs in Malaysia, while facilitating the company’s goal to strengthen their presence in the global generics market.

The facility for producing standard dose inhalers has already received GMP approval from Malaysia’s Ministry of Health. Products manufactured in the new facility should reach the market within the year – although Beximco say they do not expect to receive significant profit contributions from the facility in the short term.

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Source: Beximco