While Bangladesh’s pharmaceutical sector has exceeded expectations and surpassed many comparator countries, the industry’s reliance on imports for raw materials has long been a limiting factor.
Big pharmaceutical companies in Bangladesh are gradually taking hold of the country’s growing market for herbal medicines as people are opting for higher quality natural remedies with recognisable brand value.
Most of the listed pharmaceutical companies in Bangladesh logged lower profits despite higher sales in July-March of the current financial year owing to a spike in the cost of production.