www.indiainfoline.com - Apr 16, 2009
The company’s manufacturing facility had received an approval from the NPCB (National Pharmaceutical Control Bureau)
Marck Biosciences has announced its plan to enter the Singapore and Malaysian market. The company's manufacturing facility had received an approval from the NPCB (National Pharmaceutical Control Bureau), Ministry of Health, Malaysia for Large Volume Parenterals, Small Volume Parenterals & Ophthalmics.
The company, which has presence in about 70 countries across the world, plans to introduce a range of small volume parenterals including Ophthalmics, Irrigation Solutions, Injectibles and Respiratory solutions, and IV Parenterals formulations in the Large Volume Parenterals in Singapore and Malaysia.
Bhavesh Patel, Managing Director, Marck Biosciences Ltd, said, “The NPCB approval has significant implications for Marck. First, our early entry into Malaysia and Singapore opens up a large export market for our products. Second, the manufacturers of these countries can now get their brands outsourced from Marck. Third, since NPCB is a participant of PIC/S - The Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme - which has 36 participating authorities including those from UK and Australia, the approval will help our registrations endeavor in other PIC/S member countries.”
“With the NPCB approval and the most modern SVP & LVP capacity at our Kheda facility, we will efficiently cater to Malaysia, Singapore and Brunei with our vast product range. A strong marketing, sales and distribution team will be put in force by our South East Asia Head to accelerate the penetration planned.” added Mr Patel.
The South-East Asian countries represent a total market of 588 million people and a combined GDP of $2.2 billion.