China plans to use Bangladesh population to conduct Phase III Covid-19 vaccine trials

[DalalErMaNodi]

Calm down my cute friend. Our highest pharmaceutical export is to US. This is enough said. Your country will die of illness without indian medicines.

Arey Baniya, we buy them from you, you don't do us a favour.



Now shooooo, your papa Modi is calling.

 

[Surya 1]

Arey Baniya, we buy them from you, you don't do us a favour.



Now shooooo, your papa Modi is calling.

Jhihadi John

Question is that why do you buy it if it is sub standard.

 

[DalalErMaNodi]

Jhihadi John

Question is that why do you buy it if it is sub standard.

Did I say anything about their quality ?


Now shoo!


Bangladesh produces 98% of all the medication it needs, locally.

The 2% are either complex compounds or special patented medications and such.


We only import the medicinal compounds that go into making meds for India, which you yourself buy from China and then process in your facilities.


We are looking to cut you out of the middle and directly deal with the Chinese, so don't gloat over things which you have zero knowledge.


We DON'T buy Indian drugs.

 

[Surya 1]

Did I say anything about their quality ?


Now shoo!

Since you are a semi educated small cure guy, I don't expect you to understand the reference. So keep exposing your comprehension skills.

 

[DalalErMaNodi]

Since you are a semi educated small cure guy, I don't expect you to understand the reference. So keep exposing your comprehension skills.

Hahahahahaha, go read the updated posts, and keep whinging.



Comprehension ?


It's clear to see who can and who cannot speak English well, what's more is, we all known who is in denial.


And don't bring religion in by using words like 'Jihadi', I wouldn't have to reach far to find fun things to say about your cabal, so keep it civil.

Baniya is not a religious slang.


Try that one more time and I'll tag the mods.

 

[Surya 1]

Bangladesh produces 98% of all the medication it needs, locally

This like a typical big mouth boasting. Keep it up.

 

[X-ray Papa]

This like a typical big mouth boasting. Keep it up.

Go do your research dummy.

 

[DalalErMaNodi]

Go do your research dummy.

One needs to be able to read, else one can't conduct research.

 

[Bilal9]

One needs to be able to read, else one can't conduct research.

It's amazing how ignorant some folks are and still so confident and proud of it.

And calling you and me Jihadi would be an insult to real Jihadis...

 

[DalalErMaNodi]

It's amazing how ignorant some folks are and still so confident and proud of it.

And calling you and me Jihadi would be an insult to real Jihadis...

He would pee in his dhoti in front of a real Jihadi, already these people shiver in front of Arabs, even more so bearded ones.


I've seen this first hand in Kuwait, they don't even open their mouth out of fear and no I'm not even exaggerating, I will record it someday, If I get the opportunity.

And these arabs aren't even jihadis or even religious ones.

Indians will literally call any Arab 'Baba', I swear they even call the Egyptian security guards by 'Baba'....

Afraid of everything

 

[X-ray Papa]

He would pee in his dhoti in front of a real Jihadi, already these people shiver in front of Arabs, even more so bearded ones.


I've seen this first hand in Kuwait, they don't even open their mouth out of fear and no I'm not even exaggerating, I will record it someday, If I get the opportunity.

And these arabs aren't even jihadis or even religious ones.

These people had never beaten a muslim country before and acting like they conqured the world. If they shiver in front of arabs, wonder how would they react if they face the turks and chechens.

 

[Bilal9]

This like a typical big mouth boasting. Keep it up.

If you don't know something, it is okay to admit you don't. Otherwise you become a laughing stock.

Not only does Bangladesh make 98% of the drugs it needs locally, Bangladeshi life expectancy and infant mortality rates are better than India. Open defecation rates are 50-60% in India while in Bangladesh it is a big fat ZERO. Bangladeshi Pharma companies have standards and aren't a bunch of cheaters like Indian Pharma companies. See below.

Bangladesh pharmaceutical industry blooms bigger
Ibrahim Hossain Ovi and Niaz Mahmud

• Published at 02:08 am August 22nd, 2019

In 2018, the country's domestic pharmaceutical market size stood at Tk.20,511.8 crore with 15.6% compound annual growth rate (CAGR) for the last five years.

Once largely dependent on imports and multinational companies to meet the local demand, Bangladeshi pharmaceutical industry is growing very fast meeting 98% of domestic demand and posting a 27% growth in export earnings.

In 2018, the country's domestic pharmaceutical market size stood at Tk20,511.8 crore with 15.6% compound annual growth rate (CAGR) for the last five years.

On top of that, the sector is expected to grow at 15% year-on-year to reach $5.11 billion by 2023, propelled by high investment by local companies as they seek to grab a bigger share of the global market.

Growth drivers for domestic markets

Growing per capita income, population growth, rise in life expectancy, changing disease profile, lifestyle change and rapid urbanization are the key drivers for boom in the domestic market consumption.

Besides, new investment in the sector and adoption of modern technology have increased the production capacity.

“Bangladesh’s economy is growing at over 8% per annum with increased per capita income of $1909, while life expectancy increased to 73 years,” Bangladesh Association of Pharmaceutical Industries Secretary General SM Shafiuzzaman has told Dhaka Tribune.

Life expectancy of people has significantly increased — the average life expectancy of 66.4 years in 2002 rose to 72.81 years in 2017.

Improved healthcare facilities and diagnosis with modern technology and rapid growth of chronic diseases due to change in lifestyle and environment factors are other reasons for the growth of domestic drug market, Shafiuzzaman mentions.

People are now more conscious about health and want to live longer, leading them to consult physicians regularly and take different medicine as per the prescription, the business leader says.

Besides, senior citizens are vulnerable to four types of diseases such as cardiovascular diseases, cancer, diabetes and chronic respiratory diseases, which contribute to increased consumption of medicines, Shafiuzzaman points out.

In addition, the new generation is taking more and more to fast food, which leads more people to buy antiulcerants class (acidity) medicines, he says.

Exports open new avenues for Bangladesh

Global certification and adoption of new technologies along with efforts to make local medicine familiar abroad and cash incentives against exports of medicine are the key reasons for the sharp rise in exports earnings, the sector people say.

According to Export Promotion Bureau (EPB) data, Bangladesh’s medicine exports registered a 25.60% rise to $130 million in FY19, which was $103.46 million the previous year.

“In taking the export earnings to a new high, exports to the United States of America played an important role and it is a great achievement and milestone for Bangladesh,” Shawkat Haider, General Manager (Business Development of Beximco Pharmaceuticals, tells Dhaka Tribune.

Bangladeshi pharmaceutical makers are now compliant and regulated as some leading companies have received certification from US FDA and UK MHRA, Haider says.

According to Bangladesh Association of Pharmaceutical Industries (BAPI), approximately 1,200 pharmaceutical products received registration for export in the last two years.

Beximco Pharma, a leading exporters to the US, has received US FDA certification, while Square Pharmaceuticals and Incepta got UK MHRA (Medicines and Healthcare Products Regulatory Agency) certification to exports items.

In addition, demands for generic medicine in the global market, manufacturers' drive to penetrate export markets and government incentives to do that acted as catalyst to post share rise in the export earnings, he adds.

Since the sector is very sophisticated and sensitive, manufacturers of medicine have adopted modern technology, which is hugely contributing to the growth of pharmaceuticals industry of Bangladesh both in domestic and exports markets, Haider mentions.

Currently, Beximco Pharma and Square Pharmaceuticals are exporting medicine to the US market.

Challenges and ways forward

“One of the major challenges for the country’s medicine sector is high dependency on imports for raw materials, which eats up competitiveness in the global markets,” says Shawkat Haider.

According to industry people, Bangladesh imports 99.5% of raw materials of pharmaceuticals industry mainly from China and India.

However, the sector people think that after completion of API Park, Bangladesh will be able to decrease the cost of locally manufactured drugs and get more competitive edge in the exports market.

The country can save at least 70% of import cost of raw material by producing active pharmaceutical ingredient (API) at the API Park in progress, which will drastically reduce the cost of production and help Bangladesh achieve price competitiveness in global market, Mizanur Rahman Sinha, managing director the ACME Laboratories Ltd, says.

“In addition, Bangladesh can earn from the $238 billion global market by exporting API," he points out.

To this end, he suggests, the government should concentrate on quicker completion of the API Park as soon as possible to help pharma companies start production there.

Exporters have urged the government to engage commercial counselors to explore new markets and search opportunity to expand export earnings as the manufacturers have quality products.

The sector people have also urged the government to take steps to remove difficulties in the way of investing outside the country.

Currently, an investor can invest only a portion of his profits for marketing, which is not enough, they mention.

Scope to grow further

According to Business Communications Company (BCC) Inc, a US-based research organization, the global market for generic drugs is expected to reach $533 billion by 2021 from $352 billion in 2016 at a compound annual growth rate (CAGR) of 8.7%.

“Bangladesh is going to be a major global hub for high quality low cost generic medicine and vaccine. India and China are losing cost advantages,” Showkat mentions.

In reaping the benefits, Bangladesh needs to develop the knowledge and capacity to grab a bigger share of the global pharmaceutical market, he suggests.

Local drugs manufacturers of Bangladesh mainly produce generic drugs. Of the total amount, 80.0% are generic and 20.0% patented drugs.

Generic drugs are copies of brand-name drugs having same dosage, intended use, side effects, risk, safety and strength as the original drugs.

Patent waiver a boon for Bangladesh

In 2015, the World Trade Organization (WTO) Council extended patent waivers for pharmaceuticals products for its members in the least developed countries category to January 2033.

As an LDC, Bangladesh will not need to pay royalty for producing patent drugs till 2033, which is a great opportunity for Bangladesh to improve its export share in the pharma products.

On the other hand, around 1,200 pharmaceutical products got registration for export, which is likely to result in a massive jump in earnings within the next few years.

 

[Surya 1]

The country can save at least 70% of import cost of raw material by producing active pharmaceutical ingredient (API) at the API Park in progress, which will drastically reduce the cost of production and help Bangladesh achieve price competitiveness in global market, Mizanur Rahman Sinha, managing director the ACME Laboratories Ltd, says.

On one hand , the same article is saying about saving of 70 pc of import cost of raw material and other hand it says 98 pc of drugs are made in BD. That is why I don't take you guys seriously.

 

[DalalErMaNodi]

On one hand , the same article is saying about saving of 70 pc of import cost of raw material and other hand it says 98 pc of drugs are made in BD. That is why I don't take you guys seriously.

Do you know raw material imports work ?

We pay, you send us the goods.


You don't send us the goods, we don't pay, we look for other options such as china and you lose a customer.


And we don't care what you think, just take the money and give the stuff we need, we won't ask for your opinion, even if it's for free.



So less talk, more packing materials into boxes lest we cut you out and buy everything from China.


Do Google, what we buy from you, is what you buy from China and process, you yourself don't make anything.


You lot have some gall coming here and rambling even after being proved wrong and being shown facts, always have some crap to say, are you holding your excreta in ? Because it's leaking out your collective mouths.


Now shush, this is a forum for adults to discuss things, not a peasants self help group.


Go to your Endea section, grow a pair and tackle the Pakistani trolls, don't come here to feel more of a man.

 

[X-ray Papa]

Do you how raw material imports work ?

We pay, you send us the goods.


You don't send us the goods, we don't pay, we look for other options such as china and you lose a customer.


And we don't care what you think, just take the money and give the stuff we need, we won't ask for your opinion, even if it's for free.



So less talk, more packing materials into boxes lest we cut you out and buy everything from China.


Do Google, what we buy from you, is what you buy from China and process, you yourself don't make anything.


You lot have some gall come here and rambling even after being proved wrong and being shown facts, always have some crap to say, are you holding your excreta in ? Because it's leaking out your collective mouths.

What do you expect from indians. They think that they are a supa powa and countries rely on them.