Radiant Pharmaceuticals has acquired Julphar Bangladesh, a subsidiary of United Arab Emirates-based multinational Julphar Gulf Pharmaceutical Industries, for around Tk 140 crore.
It is the latest development in a series of what seems to be an exodus of multinationals selling off their local ventures...
The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferings of the people hit hard by the nationwide shutdown enforced to fend off the...
Listed pharmaceutical company Renata witnessed a steady
growth in net profit for the last three fiscal years (FYs) as the company
maintained its high professional standard in manufacturing 'quality' medicines.
The company reported its net profit of above Tk 3.82 billion for the FY 2018-19
with a growth of 19.59 per...
Icddr,b has started a randomised, double-blind, placebo-controlled clinical trial to evaluate the safety and efficacy of anti-parasitic medicine ivermectin in combination with antibiotic doxycycline or ivermectin alone, according to a media release issued on Tuesday.
The study, which is funded by Beximco Pharmaceuticals Ltd...
Bangladesh expects a bigger inflow of foreign direct investment in the days to come as different nations plan to relocate their factories to countries like Bangladesh to bring down cost amid a cash crunch caused by the pandemic, said Commerce Minister Tipu Munshi yesterday. In 2019, the...
Bangladesh's medicine exports recorded 4.49 percent growth in the 2019-20 fiscal year amid coronavirus while export of other products witnessed downturns. Industry people said Bangladeshi drugs for Covid-19 treatment have created a substantial demand in the international market, and the pharma sector will see a handsome growth...
The country’s leading medicine exporter Beximco Pharmaceuticals Limited has commenced export of a blood pressure drug, Nadolol, to the US market. Nadolol tablets (20mg, 40mg and 80mg) are the generic equivalent of Bristol-Myers Squibb’s Corgard tablets for treating hypertension and angina pectoris (chest pain). This is Beximco’s...
American business magazine Forbes has added three Bangladeshi companies to its "Asia's 200 Best Under A Billion list".
The list highlights 200 Asia-Pacific public companies with sales under $1 billion US Dollars (USD). Forbes claims the companies added to the list have" track records...
Local electronic giant Walton has manufactured Medicart robot and remote control UV-C light disinfectant system. This robot can be used to treat coronavirus patients or patients with other infectious diseases in isolation. Physicians can operate this robot via computer, mobile phone or remote while sitting in his...