Thursday, January 29, 2009

Call for building up pharma sector

Experts today opined that apart from battling the menace of fake drugs flooding the home market, Nepali pharmaceutical sector should build strength by the end of 2015, otherwise it would wilt before with firms that will openly enter the country under Nepal’s commitment to the World Trade Organisation (WTO), a global trade body.
Addressing the 19th anniversary ceremony of Deurali Janata Pharmaceuticals Ltd (DJPL) here, Bhupendra Bahadur Thapa, joint secretaryat the Ministry of Health,said domestic pharmaceutical companies should prepare themselves for the tough competition after 2015.
There are some 40 pharmaceutical companies at present but more than 250 foreigncompanies have also registered their brands to sell in Nepal. “DJPL — that produces 130 types of medicines — has been awarded ISO 14001 and ISO 9001 apart from WHO GMP for its quality management,” said Maniratna Shakya, vice-president (technical) of DJPL.
“We are ready to be part of the economic revolution,” Haribhakta Sharma, executive director of DJPL — that provides jobs to 250 people — said, adding that for its part of Corporate Social Responsibility (CSR), the company has established Deurali Janata Foundation.

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