Beximco profits Tk77 per vaccine brought from India

[Black_cats]

Beximco profits Tk77 per vaccine brought from India

BANGLADESH
TBS Report
02 May, 2021, 01:35 pm
Last modified: 02 May, 2021, 01:37 pm

The report has been published on the websites of Dhaka Stock Exchange (DSE)

Beximco Pharmaceuticals has made a profit of around Tk77 per Covid-19 vaccine brought from India after deducting all the related expenses.
Beximco Pharma is the only company contracted to import the Oxford-AstraZeneca vaccine made by the Serum Institute of India to Bangladesh.

As a listed company in the share market, Beximco Pharma has released its unaudited financial statements for the first three months of this year, January-March.

The report has been published on the websites of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).

According to a report published on the DSE website, the company made a profit of Tk38.37 crore by providing 50 lakh corona vaccines to the government during January-March.

The company has made this profit after deducting all the expenses. The profit per vaccine is Tk76.74.

The company's Chief Financial Officer (CFO) Mohammad Ali Newaz told Prothom Alo this morning, "It is true that we have provided 70 lakh vaccines to the government, but in the period (January-March), the profit 50 lakh vaccines have been added. Profit of the other 20 lakh vaccines will be added in April."

The vaccine is being imported under a tripartite agreement between the Bangladesh government, Serum Institute and the company.

As per the agreement, Beximco Pharma will import three crore doses of vaccines from the Serum Institute of India. The company has so far brought 70 lakh vaccines. The vaccines were provided by Beximco Pharma to the Bangladesh government in January and February.

Although three crore doses of the vaccines were supposed to be brought in six months, India has suspended the vaccine supply recently.

 

[mb444]

Glad some of the key informations are seeping out.... dorbesh needs a bullet to the head immediately for conspiring to make BD vulnarable amoungst a pandemic for profit and extend hindutva regimes hedgemonistic policies over the nation.

 

[Michael Corleone]

Crook crook

 

[F-6 enthusiast]

Glad some of the key informations are seeping out.... dorbesh needs a bullet to the head immediately for conspiring to make BD vulnarable amoungst a pandemic for profit and extend hindutva regimes hedgemonistic policies over the nation.

the problem is that there is no-one to hold them accountable.

 

[Jobless Jack]

Glad some of the key informations are seeping out.... dorbesh needs a bullet to the head immediately for conspiring to make BD vulnarable amoungst a pandemic for profit and extend hindutva regimes hedgemonistic policies over the nation.

Kintu

Thakur Ghore Ke dada ?

 

[Bilal9]

Kintu

Thakur Ghore Ke dada ?

Ami kola khai ni....

 

[Destranator]

There was absolutely no need to involve Beximco in importing the vaccines.
Not pursuing a licence to produce Astrazenica locally from the start is a blunder in and of itself.
Everyone involved deserves jail time.

 

[mb444]

Kintu

Thakur Ghore Ke dada ?

Please explain joke... i am sorry i did not get it...

 

[mb444]

There was absolutely no need to involve Beximco in importing the vaccines.
Not pursuing a licence to produce Astrazenica locally from the start is a blunder in and of itself.
Everyone involved deserves jail time.

I dont know if any BD company had approached AZ... might have read they had but AZ was not interested.

Western companies do not want to dilute the powers of their patents and reduce potential earnings.

In this aspect do not blame government....but not supporting globe biotech continues to be a serious mistake.

And there is absolutely no logical reason to have involved beximco.

BD pharma industry is big and they are able to produce any medicine......however not many carries out R&D and also we have only recently started to produce active pharma ingredients which are the building blocks of modern medicine. BD can produce Sputnik but will be hampered by import of ingredients.

Globe Biotech is claiming they have capacity to produce 10m dosage per month now and will be able to scale up more. Lets hope they do.... there will be need for vaccines and the boosters for atleast 5 years to get rid of covid.

 

[Jobless Jack]

Please explain joke... i am sorry i did not get it...

A bengali friend once told me the joke. Felt appropriate here.

I give you an example SCENE : suppose you get mugged, you go to CoP to register complain, but the cop themselves are in league with the mugger and profiteering From the mugging themselves.

I read the report, remembered the quote. Judgijg by reactions, it was spot on

 

[Destranator]

A bengali friend once told me

Are you non-Bengali or non-Bangladeshi?

 

[Chhatrapati]

Socialist nerves will be tingling.

 

[UKBengali]

Globe Biotech is claiming they have capacity to produce 10m dosage per month now and will be able to scale up more. Lets hope they do.... there will be need for vaccines and the boosters for atleast 5 years to get rid of covid.

Good post but you will probably never be able to get rid of Covid, just like you cannot get rid of flu.

Annual shots to the vulnerable in society may be the way to go.