By Raimond Klavins on Unsplash
Invest in B2B models to establish or collaborate with local manufacturers in producing essential medicines. There is also an opportunity to develop a dedicated pharmaceutical zone and establish a facility for manufacturing. Other models such as turnkey projects and contract manufacturing models are also available. Examples of companies active in this IOA space:
Morison Ltd is a subsidiary of Hemas Holdings PLC, engaged in pharmaceutical manufacturing with over 80 years of experience. In May 2022, they commenced operations for General Oral Solid Dosage (OSD) and Oral Liquid Dosage (OLD) manufacturing facility with WHO GMP and EU GMP compliant infrastructure and quality management systems (14)
Navesta Pharmaceuticals is a leading privately owned pharmaceutical manufacturer in Sri Lanka, specialised in manufacturing of dry powder Beta Lactam injectables (antibiotics), and their objective is to provide affordable, high-quality, pharmaceuticals to ensure that anyone, anywhere has access to life saving drugs that they need. The company employs over 160 people and has a turnover of over USD 4.2 Mn (LKR 1.5 Bn). (15)
Astron Pharmaceuticals is a pharmaceutical manufacturing company incorporated in 1956 that set up its first pharmaceutical manufacturing facility in the country. It manufactures and markets several major pharmaceutical therapeutic drugs in a variety of dosage forms, strengths and pack sizes (16)
Interpharm (Pvt.) Ltd is a locally owned pharmaceutical manufacturing company established in 1995, with the objective of providing quality healthcare to the nation. This company is also an associate of Gamma Pharmaceuticals (Pvt) Ltd. (17)
GSK Pvt Ltd is a British Multinational pharmaceutical and biotechnology company with global headquarters in London. GSK has a manufacturing plant in the Western Province of Sri Lanka, specifically to manufacture their over-the-counter painkiller brand Panadol (18)
Affordable and accessible pharmaceuticals to meet local market needs while also resulting in economic benefits through job creation, SME expansion and other ancillary services