fbpx

Medicine production meets about 10 pc of local demand


Myanmar imports medicine and medical equipment worth US$ 400 million every year as the country’s medicine production meets about 10 percent of local demand, according to the Myanma Pharmaceutical Industrial Enterprise.

Myint Yi from Myatmyittamon Drug Store said: “Almost all medicines are imported from other countries. Some famous medicines imported via illegal routes are cheap. Medicines produced by the BPI have a huge market share of local products.”

In the past, the country relied solely on BPI plant. The government later opened PyinOoLwin Pharmaceutical factory and Kyaukse Pharmaceutical factory. The military also established Hmawbi Pharmaceutical factory.

The government that took office in 2011 set a policy that encouraged establishment of private Pharmaceutical factories. AA Pharmaceutical Company opened the first privately-owned pharmaceutical plant in Dagon Seikkan Township in Yangon. On February 3, Silver Shine International Company opened the second private pharmaceutical plant in Shwepaukkan Industrial Zone.

Medicine gets imported via border gates and other routes. Illegal medicines are rampant in local markets. Citizens are urged to complain to respective Food and Drug Administration Department in regions and states about sub-standard and/or fake drugs.

Myanmar imports medicine mainly from pharmas based in Thailand, China and India. Low quality medicines are mostly comes through Myanmar-China and Myanmar-India borders.

Source: Eleven Myanmar

To see the original article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar