Techno drugs contributing to export earnings meeting local demand14 May 2022
Business Desk :
Manufacture of pharmaceuticals is now one of the largest capital-intensive white-collar industries in the country, which has grown tremendously over the past few decades.
Bangladesh enjoys comparative advantage in the sector, thanks to its cheap labour and raw materials, a favourable World Trade Organisation (WTO) regime and adequate supply of skilled manpower.
Techno Drugs Ltd, one of the leading medicine manufacturing companies in Bangladesh, is now exporting medicines to overseas by meeting the local demand.
It products are now available in more than 10 countries including Philippines, Sri Lanka, Saudi Arabia, Vietnam, West Africa, and Mali and it will be strengthened further in the coming years, it is learnt.
Techno Drugs Ltd is developing leading positions in major therapeutic areas like oncology, cardiovascular, diabetes, immune suppressor, anesthetics, life saving antibiotics and contrast media in the country. The company, believes in technological advancement and transformational agilities in production process, is now conducting intensive research with the aim of introducing new innovative products. It maintains QA, QC and Process Validation along with cGMP (Current Good Manufacturing Procedure) in producing medicines.
One of the biggest achievements of the company is to produce safe implants for women, which is the most effective in family planning, the company insiders said. The company started its journey in 1996 with Veterinary medicines at a period when the market was dominated by expensive imported products.
Techno Drugs Ltd maintained a steady and fast growth in the market with its consistent high quality of products and unparalleled customer service and soon became the pioneer of the veterinary medicine market of the country.
Ensuring strong foothold in the veterinary medicine market, the company entered into the human medicine formulation in 2003. Beginning with the human drugs, it introduced significant number of molecules in the local market, which has never been introduced before.
Anesthetic drugs, Clarithromycin injection, Meropenem injection, Anti-Cancer medicines are the most prominent drugs among them. In 2015 the company established its 4th factory which eventually became the largest contraceptive injectable manufacturing plant in the South East Asia at the company's state of the art industrial park, at BK Bari, Gazipur to meet in the industry's growing demand.
At present our company is the largest contraceptive injectable manufacturer and supplier to the government and is one of the fifth contraceptive Implant manufacturers in the world. Prior to establish the company, Shah Jalal Uddin Ahmed, Managing Director of Techno Drugs Ltd, served in a famous pharmaceutical industry where he contributed his meritorious efforts and successfully manufactured some important medicinal products.
This has inspired him to manufacture pharmaceutical products on his own in 1995. Ahmed, key promoter of the company, has done B. Pharm (Hon's) in 1976 and M. Pharm in 1977 from the University of Dhaka and has taken Pharmacist Registration from the Pharmacy Registration Council of Bangladesh.