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http://www.thedailystar.net/supplements/24th-anniversary-the-daily-star-part-1/new-paradigm-global-generic-medicines-73290angladesh has all the potentials to become a new paradigm "or global generic medicines. #ith a population o" 1$%.%% million& the country's social development indicators are very promising. angladesh is en(oying a consistent )*+ growth o" more than % percent over the last 10 years. ,ommendable progress has been made in areas li-e annual )*+ growth& per capita )*+& population growth& literacy rate etc. .he country's balance o" payment /e0port plus "oreign remittance minus import1 is consistently increasing. 2enowned global investment analysts li-e 3+ 4organ& )oldman 5achs& 6nvestors ,hronicle have highly rated angladesh as an attractive investment destination. 7utgoing 85 9mbassador to angladesh *an # 4o:ena specially "ocused on the potential o" pharmaceutical sector along with the 24)& leather& 6. sectors. ;e said that the angladeshi pharmaceutical companies will have a huge mar-et in the 859. angladeshi pharmaceutical companies are in the process o" getting approval "romthe 85- companies are in operation. *omestic manu"acture accounts "or 97percent o" the drug sales in the local mar-et while the remaining three percent is imported. +harma sector is now considered technologically the most developed manu"acturing industrial sector inangladesh and the second highest contributor to the national e0che?uer. .he local mar-et is about 85* 1.$1 billion and is the largest white collar employment sector.+harma e0ports have risen to around 85* $9.>2 million in @scal 2012-13 with ,9)2 o" 2$.$ percent "or the last @ve years. .here is a growing demand "or angladeshi medicines in 5outheast 9sia& 9sia +aci@c and 9"rica. 9t present around 30 angladeshi pharmaceutical companies are e0porting medicines to 90 countries in Aurope& 9sia& 9"rica and Batin 9merica. angladeshi companies are now "ocusing on developed mar-ets such as Aurope& 9ustralia& Batin 9merica and the )ul" countries. .op companies have already started e0porting to stringently regulated mar-ets and are getting very good responses. 6n the ne0t couple o" years& the angladesh pharma industry will grow stronger and playa ma(or role in the global generic mar-et which is now 85* 300 illion with a ,9)2 o" 9.3 percent. #ithin 2017& there will be patent e0piry o" some bloc-buster drugs and as aresult the global generic mar-et will be more than 85* 400 billion. 9round >0 percent o"the world's population consumes generic products. 4oreover& in many countries& new government provisions& changing demographics and the li"estyle will continue to increase the use o" global generic medicines. 6ndia and ,hina are the ma(or players in the world generic mar-et. 9ccording to industry e0perts& most o" the developed countries are loo-ing "or another dependable alternative source rather than 6ndia and ,hina and this is where angladeshcan strongly position itsel" as the most suitable and competitive candidate to capture substantial mar-et share o" global generic medicine. 9s a result& angladesh can emerge as a potential global generic player.#ith this ob(ective in mind& in the last couple o" years& angladeshi pharmaceuticals companies made huge investments /more than 85* $00 million1 "or "acility e0pansion and product development. .he country is now capable o" producing high-tech biosimilar products such as erythropoietin& eno0aparin& insulin&etc. and sterile products li-e BC+ and 5C+& pre@lled syringe& "ree:e-dried products& 4*6 /4etered *ose 6nhaler1& hormone and steroid products in their state-o"-the-art manu"acturing "acilities. .he country has a large pool o" highly-s-illed human resource both at home and abroad who are capable to trans"orm angladesh to a ma(or global source o" aDordable generic medicines and vaccines. y this time& a good number o" pharmaceutical companies have obtained certi@cations "rom the 8E& the Auropean 8nion& 9ustralia& the )ul" countries and other regulatory authorities. #ithin a couple o" years& more angladeshi companies will receive certi@cation "rom these authorities. 9t present 3&%00 angladeshi brands are already internationally registered and among them 100 are in regulated mar-ets.fficer an0 =resi0ent6 sai06 ?We are "er7 eCcite0 to announce t;e consummation of t;e CareFusion acquisition6 as it represents a maDor milestone in BDBs ''),7ear ;istor7 T;is acquisition si