Medicine, Cosmetics Imports to Follow ASEAN Standards

The Food and Drug Administration (FDA) is set to release official legal guidelines in accordance with ASEAN drug guidelines, the department announced. “In addition to cosmetics, medical machines and devices that are distributed to the market will also be brought in line with ASEAN drug standards,” said Daw Khin Saw Hla, assistant director of FDA. […]

Local, foreign firms to upgrade Yangon pharmaceutical factory

YANGON – To boost medicine production, Myanmar’s Ministry of Industry plans to upgrade Pharmaceutical Factory No 1 in Yangon in cooperation with local and overseas companies. At present, entrepreneurs in Myanmar and abroad can bid for contracts to build the facility and install equipment. Interested companies must send an Expression of Interest (EOI) to the […]

Pharmaceutical businesses approved for full-fledged foreign investment

Medicine production and private hospital construction can now take place using 100 per cent foreign investment, said Aung Naing Oo, the secretary of the Myanmar Investment Commission at a press conference on Tuesday. “Joint ventures are coming. Some European countries have eyes on this business. Previously, medicine production was restricted here for both the Myanmar […]

Vietnam’s biggest pharmaceutical company to invest in Myanmar

DHG said it would spend VND91 billion ($4.5 million) on this project to produce medicine. The construction of the plant could begin next year if the two parties reach an agreement. DHG’s Chair Pham Thi Nga confirmed the possible investment, but noted that the company was still in the survey period. “We have just conducted […]

Foreign investment in private healthcare limited to 70pct

Foreign companies will only be allowed to invest in private hospitals and clinics on a 70:30 ratio with local partners, according to the Deputy Health Minister. Deputy Health Minister Dr Thein Thein Htay made the remark in response to a question raised by MP Dr Aung Than on the government’s agenda for private health services […]