business world. Hovid is the first in the world to develop the commercial scale integrated process for extracting the Palm phytonutrients – carotenes (pro-vitamin A) and tocotrienols (vitamin E) – from locally harvested palm oil and convert them into natural health supplements. /�AݪqF~U]i �ħ�0b��MY��Sq� �o��q�, endstream endobj 21 0 obj <>stream The acronym ‘RHA’ is derived from the words, ‘Research House of Asia’. From its humble beginnings of one core product, the company today produces over 400 products including generic drugs, dietary supplements and consumer products. 2d ago. We have a strong sales and marketing team and enjoy significant brand recognition amongst doctors, hospitals and in the retail pharmacies. The Top 10 of Malaysia is an English language magazine owned and published by RHA Media Sdn Bhd. With its facilities and practices conforming to the current Good Manufacturing Practice on the productions, including the halal-certified products, Hovid has evolved into an outstanding industry with excellent quality in both products and services under the leadership of Managing Director, David Ho. Pharma Niaga Berhad h޼�Ko�@����t~�Z�� �Ŵ9X>8�!�Ff#�ߙ1�G���������� !0`,� �����B J&� T�pv&.��(��w(�REA$�t�bX�=�f3�:ٳ}�n�y�|&�C1sO>�v����j�P��ioM' �I-f��{�)�M�ξ��ܭ=$2���@q��bs���)���h�İ*�[��~�~�:��� LZJ��Fqί�bUV��^S�i�)+�!М��b���r2������~]-�)����1��UQ��-�H)ƾ��yo���z���� h{%[��)7�n��~�u��M2�{����}M�l�)�˓��.��Tܸe�� ����ܩH7�ʭh&�F�գ�`Rl��InqX��bj>}��T*�������Y�ics�@��d'� �p�&�#Gh�7���ű�C�cYC���,��5�D!+�ǖcIi��QF"y6 �M��j���(PIT��=Q���VY���;%kQ h�Ͱ#�N..��z���8���qd4%)f��u�F��›r�{\��:��k��\��r}u޶���;H˿������ϰ��Yd�-_ $-Aۖ��]���# ^\�W�3|/��?��{�?��]�n{9 C~�Ѫ�����N��"�W���U�dxpB:)Y�k��qMHI�;˦u�qW����#���o7%���)����` v��7 Johor Bahru, Kuala Lumpur, Penang, Perak. Y.S.P. Harnessing its strength in R&D and the export market, Hovid’s products are distributed to over 50 countries globally. Malaysia is a federal constitutional monarchy with a population of about 29 million and an open and growing economy. In 1999, it became the first pharmaceutical company to achieve the halal certification, and its halal-certified products are distributed locally as well exported throughout ASEAN, Asia Pacific and other countries worldwide. Malaysia Pharmaceuticals & Healthcare Q1 2021 Key View: A number of details combine to ensure Malaysia remains an attractive market for drugmakers in Asia Pacific region, suchas the continued growth of an ageing population with more chronic diseases, the ascension of the middle class, expandedhealthcare coverage and the rise of healthcare as a national priority. New developments such as the production of high-value bio-generics and the potentially lucrative halal drugs market promise an exciting and bright future for this industry. It was a move made by CEO Dr. Kee Kirk Chin (the founder’s son) to fully focus on its two core activities, manufacturing and distribution, that have been and will continue to be the group’s engine of growth. A detailed overview of the cell therapy segment, including the major comme ET Jan. 12, 2021, 8:32 a.m. The pharmaceutical industry in Malaysia is regulated by the National Pharmaceutical Control Bureau, the main authority which is responsible for overseeing and ensuring the efficacy and safety of all products which are sold and manufactured within the local Malaysian market. The CCM Pharmaceuticals division comprising CCM Duopharma Biotech Bhd, CCM Pharmaceuticals Sdn Bhd and Innovax Sdn Bhd, develops, manufactures and markets generic and branded consumer pharmaceutical products such as blockbuster drugs (Omesec and Vascor) and over 200 leading OTC brands (Champs, Eye Glo, Flavettes, Proviton, Uphamol, etc). Ranbaxy Malaysia Sdn Bhd The current market consists of over 100 pharmaceutical companies, and these can roughly be categorised into three classes according to the Pharmaceutical Association of Malaysia: Save my name, email, and website in this browser for the next time I comment. These high quality products are distributed to local hospitals and clinics, as well as exported to Thailand, Indonesia, Brunei and the Philippines. Kotra Pharma (M) Sdn Bhd Malaysia’s king declares a virus emergency, and other news from around the world. Fast forward to the present day, its wholly-owned pharmaceutical distribution subsidiary, Apex Pharmacy Marketing Sdn Bhd which operates under the Apex Pharma name,has evolved into the largest wholesaler in the country, with vast experience in distribution, sales and marketing. Pfizer holds top spot with 10.2% market share and USD 108 million in revenue, followed by MSD and Bayer. Malaysia's Lighthouse initiative. In 2005, Watsons acquired ownership of 20 Apex Pharmacy stores nationwide, signifying Apex Pharma’s exit from the retail business. Industries (M) Sdn Bhd V�� I��N3Z2r3�e:�t����}L���#�10�|gX����Q>d2w1����( ` �� The Malaysian Organisation of Pharmaceutical Industries (MOPI), a 45-member association comprising mostly local generic drug makers, said the pharmaceutical industry had several codes of ethics, as well as other such codes within each company. This will cause users to have many options to compare the best prices and services accordingly to their needs. Malaysia’s healthcare system was recently rated as the third best out of 24 countries in the American publication International Living’s 2014 Global Retirement Index. However the halal pharmaceutical industry in Malaysia is not well supported with adequate legal and administrative framework. Malaysia but also industry experts and all other concerned parties dealing with pharmaceuticals throughout the globe.. To strike a deal the manufacturers and the dossier owners can look for the distributors for their pharmaceutical products. Growing healthcare expenditures bring opportunities for pharma, as well as new complexities and challenges. endstream endobj 18 0 obj <> endobj 19 0 obj <> endobj 20 0 obj <>stream Led by President and Group Managing Director Dato’ Dr. Lee Fang Hsin, a Taiwanese who resides in Malaysia for more than 30 years, the company has diversified into the traditional herbal remedies (TCH) business with Sun Ten Pharmaceutical Co. Ltd, a renowned Taiwanese manufacturer of herbal extracts. To date, Kotra Pharma has invested USD60 million in the first phase of a total USD150 million investment towards an ultramodern manufacturing plant and research facility, with a new Sterile/Infusion Manufacturing line scheduled to complete this year. The company also markets gynaecological products such as Predicates Ovulation Test Kit and Thames Sperm Enhancer Kit. Penang Biotech Park is situated in the Bukit Minyak region of Malaysia in Penang (north-western coast of Peninsular Malaysia) and is playing host to two new biotech companies. Wider competition in pharma manufacturing across the region adds to the mix creating a dynamic environment to which industry players must adapt. This is due in no small part to the pharmaceutical industry which is divided into two broad streams – home-grown companies that specialises on traditional medicine, food supplements, vitamins, generics and over-the-counter (OTC) drugs; and multinationals which brought in numerous globally tested and accepted quality drugs into the country. �d/��m�/�(Dt����՘�P�� ϡ�&����!��֊�A�c,��V%9����I��Qߥ ��#�;�+��G1�$Մ�(�9�,b|�S�ُ�=us����!cN�\R7�����DDdI$�EJ��8�;""S�Sf"y&3I�y&I�]�ɍ'%E�k��I�\�@�nܽ�� ���i�����o�����}�� ߽�m Malaysian Pharmaceutical Society Wants Pharmacists To Become Antibiotic Guardians (02-Mar-2017) Local Pharmacy News. Generic medicines now account for 55% of the controlled (prescription) medicines market by value. Realising the growing demand of traditional Chinese medicine in Malaysia, Managing Director Tan Kai Hee and his partners founded the company in 1994. Yung Shin Pharmaceutical (Y.S.P.) The bureau has been a member-state of the Pharmaceutical Inspection Cooperation Scheme (PICs) since 2012. Leading domestic pharmaceutical companies in Malaysia, including Pharmaniaga Berhad, Chemical Company of Malaysia Berhad (CCM), Yung Shin Pharmaceutical, Hovid, and Kotra Pharma majorly focus on generic drugs, with very little focus on research and development (R&D). The pharmaceutical industry in Malaysia has been growing steadily for the past decades and is currently experiencing rapid growth. In 2012, the company was awarded the SME Brand Laureate Award as the Best Pharmaceutical Company – Manufacturing. h�TR�n�0���Se� 1$��I��ts�H�X���bI�[�߻���v���v�����#4��-��*� eCommerce Roadmap. h�bbd``b`� This is due in no small part to the pharmaceutical industry which is divided into two broad streams – home-grown companies that specialises on traditional medicine, food supplements, vitamins, generics and […] At present, there is no codified law to govern the halal pharmaceutical industry in Malaysia. The Malaysian Competition Commission (“MyCC“) has commissioned Third World Network (“TWN“), an independent non-profit international research and advocacy organisation, to conduct a market review on the pharmaceutical sector in Malaysia (the “Review“).The market review is being conducted by the MyCC pursuant to powers under Chapter 3 of the Competition Act 2010 (“MCA“). Some of the major local companies operating in this industry are Chemical Company of Malaysia (CCM) Berhad, Simpor Pharma Sdn Bhd, Duopharma Biotech Berhad, and Pharmaniaga Bhd. In Malaysia, we are ranked amongst the Top 10 pharmaceutical companies. Get by Email • RSS. This report is a comprehensive research of pharmaceutical industry in Malaysia. Product Specialist (Sarawak Vacancy) BiO-LiFe Marketing Sdn Bhd. KUALA LUMPUR: Amid global growth this year expected to be at its slowest in a decade — with economists warning of an increasing risk that it would lead to a recession next year — pharmaceutical companies listed on Bursa Malaysia appear resilient.According to Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng, the sector remains attractive because other sectors … endstream endobj startxref A Malaysian Supplier & Distributor of Pharmaceutical Products We are a progressive pharmaceutical supplier in Malaysia, specializing in a range of phyto-pharmaceutical based drugs and medical … Its strength lies in its R&D capability which leads to the launch of numerous drugs for treating chronic and acute diseases. Amid Covid-19 vaccine quest, Malaysia can be hub for innovative medicine 2 July 2020 Announcements Value-Based Medicines For Improved Patient Access in Malaysia … The pharmaceutical industry represents one of the top domains chosen by businessmen at an international level.Malaysia has also invested in the pharmaceutical industry and the results can be easily seen, as in the last years more and more businessmen are interested in a pharmaceutical business in this country. A second outlet opened in Kuching opportunities for pharma, as well new. Regional awards for its outstanding brands and products pharmaceutical manufacturing industry pharmacy chain in 1966 when second... Options to compare the best prices and services accordingly to their needs Malaysia is not well supported with adequate and. Expenditures bring opportunities for pharma, as well as new complexities and challenges the SME brand Award! Shin pharmaceutical ( Y.S.P. led by Managing Director T. 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