|
|
 |
 |
| Sunday, 8 September 2002 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
Chemanex enters pharmaceutical business by Elmo Leonard Chemanex Ltd., a trader in chemical industrial intermediates and agro-based products, entered the local pharmaceutical trade recently. The pharmaceuticals Chemanex launched to the local marketplace are imported from a Bangladeshi manufacturer, Aristopharma Ltd. Aristopharma has a $ 50 million turnover, according to the company's Marketing Manager Dalula Rahman. The turnover comprises sales in the Bangladeshi market and exports to Pakistan, Myanmar, Bhutan, Vietnam, Cambodia, Hong Kong, Ukraine and the United Kingdom. Six pharmaceutical products were launched to the marketplace by Chemanex. They were a broad spectrum of antibiotics for upper and lower respiratory tract infections, urinary tract infections and surgical wound infections; advanced antibiotics for protection against acute and chronic bacterial infections; an anti-ulcerant; and an anti-diabetic drug for insulin-dependent and non-insulin-dependent diabetic patients. Chemanex Managing Director Lal de Alwis told the launch that the Aristopharma factory he had visited in Dhaka was managed as well as any factory he had seen in any other part of the world. Chemanex intends to introduce more products to the local market, including products which promise to reduce cholesterol levels in the body, this month. Aristopharma has long been in the business of pharmaceuticals, beginning with the franchised collaboration with a Greek pharmaceutical company, and later, links with other drug giants. Chemanex, in its 27th year of operations, has been engaged in trading imported and locally produced chemical industrial intermediates and the development of agro-based products. Through subsidiaries, the company has ventured into the manufacture of speciality products with foreign collaboration and assistance. In the interest of diversification, it has made strategic investments in many fields in the recent past, including pharmaceuticals, the latest venture. Chemanex has for the past 25 years, supplied disinfectants to local hospitals through the State Pharmaceuticals Corporation and has won several tenders for the supply of medical disposables to the open market. The company also supplies raw materials to the local pharmaceutical industry. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
