Top 10 Pharmaceutical Companies list in Bangladesh

Are you looking for the top 10 pharmaceutical companies in Bangladesh? Well, you are in the right place. In this post, we are going to share a brief description of the best Ten Pharmaceutical companies along with the 50 pharmaceutical industry lists in Bangladesh. Besides, we have discussed the market share of the top manufacturers. Also, you will know the key information such as their market share and economic contribution to Bangladesh.

According to the Bangladesh Association of Pharmaceutical Industries (BAPI) and Directorate General of Drug Administration (DGDA), around 257 registered pharmaceutical companies are currently operating in Bangladesh and about 150 are fully running.

These manufacturers produce 98% of domestic demand. To meet the remaining 2% of the demand; the manufacturers have to import specialized products such as vaccines, anti-cancer products, and hormone drugs. Around 80% of the drugs produced in Bangladesh are generic drugs; the rest 20% is pretended drugs.

In this post, you will know the Top Pharmaceutical Companies in BD. So without further delay, let’s dive into the top list for more.

Top 10 Pharmaceutical Companies in Bangladesh 2022

The Pharmaceutical industry, one of the fastest-growing businesses in Bangladesh, is the most advanced skill and data-based sector. In the last six years, Bangladesh has developed significantly in this industry in terms of global market share and capital.

From our research, we have identified the top 10 Pharmaceutical companies in Bangladesh. We recognized these companies based on their market share and collected data from IQVIA 2020.

The IQVIA, known as Quintiles and IMS Health, Inc., is an American multinational company serving the combined industries of health information technology and clinical research.

Square Pharmaceuticals Limited is holding the first position for the last 31 years in the pharmaceutical industry. Following the footprint, Incepta, Beximco, Renata, Healthcare, Opsonin, ACI, Eskayef, Aristopharma, and Acme are the leading pharmaceutical companies in Bangladesh.

In the following section, we have briefly discussed the top 10 Pharmaceutical companies in Bangladesh.

1. Square Pharmaceuticals Limited

Established in 1958, Square Pharmaceuticals Limited is a sister concern of Square Group. It was founded by Samson H. Chowdhury along with his three friends.

Square Pharmaceuticals Limited is the manufacturer, marketer, and distributor of pharmaceuticals drugs, medicine, basic chemicals, animal health product,and agro vet as well as pesticide products. They are producing 669 pharmaceuticals product, 74 agrovet products, 32 pesticides, 14 pellet products, and 8 basic chemicals. Besides, the company produced drugs in various forms, including tablets, capsules, injection, infusion, suppository, insulin, and many more.

Seclo, an inhibitor of gastric acid secretion, is the popular brand name of Square Pharmaceuticals Limited. The value of this brand is BDT 3,766.56 million, according to the IMS health report.

According to IQVIA, Square Pharmaceutical occupies 26 sensation drugs among the 100 medicine sold in Bangladesh. Besides, they have 14 blockbuster drugs ranked within the top 50 drug lists of the country.

Since 1987, the company has started exporting various antibiotics and medicine across the world including Asia, Africa, America, and Australia; currently, it exports medicine to more than 36 countries of the world.

Check: Square Pharmaceuticals Limited Job Circular

Key Information

• Company Name: Square Pharmaceuticals Ltd.
• Type: Public Company
• Founded: 1958
• Founder: Samson H. Chowdhury
• Specialties: Manufacturing of solids, semisolids, liquid, metered-dose formulation, intravenous sterile and sterile ophthalmic, Marketing, and Distribution
• Authorized Capital (BDT): 10,000.00 Million
• Paid-up Capital (BDT): 8,442.39 Million
• Total No. of Outstanding Securities: 844,239,059
• Headquarters: Mohakhali, Dhaka, Bangladesh
• Official Website: squarepharma.com.bd

2. Incepta Pharmaceuticals Limited

Founded in 1999, Incepta Pharmaceutical Ltd. is the 2nd largest pharmaceutical company in Bangladesh. Currently, around 7800 employers are working under its umbrella.

Currently, the company has two fully functional plants; one is “Zirabo Plant” at Savar, which is located 34 KM north of Dhaka City and another is “Dhamrai Plant” that is located 52 KM north of Dhaka City.

Incepta specializes in producing value-added high technology dosage form such as sustained-release tablets, quick mouth dissolving tablets, effervescent tablets, prefilled syringe products, Insulin and Insulin analogue and biological products, and many more drugs. Currently, the company is producing more than 890 products from more than 70 therapeutic classes.

The company has a large distribution network; they have distributed drugs to every single corner of the rural as well as urban area of Bangladesh. Also, it has 24 depots all over the country.

With the motto “Ensure better health for everyone, everywhere”, Incepta Pharmaceuticals Limited sells its products in many countries of Asia, Africa, North America, South America, and Europe; even it is shifting its business in the Oceania region. Currently, it exports to 68 different countries around the world.

Incepta Pharmaceuticals has two sister companies such as Incepta Vaccine and Neocare. Incepta Vaccine Ltd is the first human vaccine manufacturing company in Bangladesh.

Check: Incepta Pharmaceuticals Ltd Job Circular

Key Information

• Company Name: Incepta Pharmaceuticals Limited
• Type: Private
• Founded: 1999
• Chairman: Abdul Muktadir
• Specialties: Producing of Sustained-release tablets, quick mouth dissolving tablets, effervescent tablets, barrier coated delayed-release tablets, prefilled syringe products, Insulin and Insulin analogue and biological products, among others
• Headquarters: ShahidTajuddin Ahmed Sarani, Tejgaon I/A, Dhaka, Bangladesh
• Official Website: http://www.inceptapharma.com/

3. Beximco Pharmaceuticals Limited

Are you familiar with Napa? Well, it is one of the popular brands of Beximco Pharmaceuticals Limited. Besides, it is the first company in the world to introduce a generic version of remdesivir for the treatment of COVID-19, says BeximcoPharma official press.

The Company is specialized in generic medicine such as Lifesaving Intravenous Fluids, Therapeutic Nutrition Products, and Active Pharmaceutical Ingredients (APIs). Currently, BeximcoPharma is producing more than 300 generic medicines which are available in over 500 different brands.

Beximco Pharmaceuticals Limited was founded by A.S.F. Rahman and Salman F Rahman in 1976 and started its operations in 1980. The company is the leading manufacturer and marketer of medicines based in Bangladesh. Currently, NazmulHasanPapon, the president of Bangladesh Cricket Board and a member of parliament from Kishoreganj-6, are the managing directors of this pharmaceutical company.

It is the first company of BD which exports its medicine in the USA and Australia. Recently, they have started to ships products in the Gulf market. At present, they export more than 50 countries in Asia, Africa, America, and Europe.

Beximco Pharmaceuticals is listed on Dhaka Stock Exchange with a total number of Outstanding Securities 405,556,445. Compared to the Square Pharmaceuticals Limited, Beximco has less than 438,682,614 Outstanding Securities in the market.

Check: Beximco Pharmaceuticals Ltd Job Circular

Key Information

• Company Name: Beximco Pharmaceuticals Limited
• Type: Public Limited Company
• Founded: 1980
• Founder: A.S.F. Rahman and Salman F Rahman
• Specialties: Manufacturing of Lifesaving Intravenous Fluids, Therapeutic Nutrition Products, and Active Pharmaceutical Ingredients (APIs).
• Authorized Capital (BDT): 15,000.00 Million
• Paid-up Capital (BDT): 4,055.56 Million
• Total No. of Outstanding Securities: 405,556,445
• Headquarters: Dhanmondi, Dhaka, Bangladesh
• Official Website: beximcopharma.com

4. Renata Limited

Formerly known as Pfizer Limited, Renata limited is one of the fastest-growing pharmaceutical manufacturers in the country having a strong footprint in various medicinal sectors including Purnava Limited, Renata Agro Industries Limited, and Renata Oncology Ltd.

Renata Limited, specialized in animal health products, is the 4th largest pharmaceutical company in Bangladesh. The company distributes products in rural as well as urban areas. To meet the demand of the people, they have set up 19 depots across the country.

Currently, the company employsmore than 8000 professionals including doctors, chemists, microbiologists, pharmacists, engineers, and others. The most popular brands of this company are Maxpro, Fenadine, Algin, Furosef, Orsef, and Zithrin.

Renata exports drugs in several countries such as Afghanistan, Cambodia, Ethiopia, Guyana, Honduras, Malaysia, Myanmar, Sri Lanka, United Kingdom, and other countries.

Renata Limited is a publicly-traded company with an authorized capital of BDT 2500.00 million and a paid-up-capital of BDT 845.89 million. It also has a market capitalization of 101,992.794 million according to the Dhaka Stock Exchange.

Check: Renata Limited Job Circular

Key Information

• Company Name: Renata Limited
• Type: Public Limited Company
• Founded: 1993
• CEO: Sayed S Kaiser Kabir
• Specialties: Animal products.
• Authorized Capital (BDT): 2500.00 Million
• Paid-up Capital (BDT): 885.89 Million
• Total No. of Outstanding Securities: 88,589,242
• Headquarters: Mirpur, Dhaka, Bangladesh
• Official Website: renata-ltd.com

5. Healthcare Pharmaceuticals Limited

Healthcare Pharmaceuticals Limited (HPL) is the 5th largest pharmaceutical manufacturer in Bangladesh. The company has been involved with manufacturing and marketing various kinds of branded generic medicines for local and overseas markets in Asia, Africa, and the CIS region.

HPL started operation as a healthcare distribution limited in 1989 and it was engaged in importing and distributing Roche products in the local market.

Sergel, reduces the amount of acid in the stomach, is one of the most popular medicines of this company. Currently, Healthcare Pharmaceuticals is producing more than 210 branded products out of 120 generics in several dosage forms such as Tablets, Capsules, Liquids, Dry Syrups, cream and Ointments, Gels, and more.

The company has a large distribution network in Bangladesh. To meet the demand, it has 13 storehouses all over the country. At present, around 800 people are working for this company.

Check: Healthcare Pharmaceuticals Limited Job Circular

Key Information

• Company Name: Healthcare Pharmaceuticals Limited
• Type: Private Limited
• Founded: 1989
• Chairperson: MsSurayaBilkis
• Popular product: Sergel
• Headquarters: Nasir Trade Centre [NTC]; Level- 9 & 14, 89 BirUttam CR Datta Road, Banglamotor (Sonargaon Road), Dhaka-1205, Bangladesh.
• Official Website: www.hplbd.com

6. Opsonin Pharma Limited

Opsonin Pharma is the 2nd oldest pharmaceutical manufacturer in Bangladesh which was founded in 1956. It is specialized in human health products; besides, it manufactures and sells animal health products.

Currently, the company is manufacturing more than 335 branded drugs from 387 generics in 7 dosages forms including capsule, tablet, injections, syrup, infusion, and suppository. Also, it produces more than 40 therapeutic classes such as antiulcerants, NSAIDs, nutraceuticals, antibiotics, anticonvulsants, antidiabetic, cardiovascular medicines, etc.

To fulfill the local demand, Opsonin Pharma has more than 23 regional offices across the country. Primarily, the company started to export products to Asian countries. Currently, it is shipping drugs in around 25 countries of different continents including Asia, Africa, the Middle East, Central America, Oceania, and more.

Opsonin Pharma has 4 subsidiary companies:Opsosalline Ltd, Global Capsules Ltd, Global Heavy Chemicals Ltd, and Jokky Garments Ltd.

Currently, the company has around 10,000 professionals all over the country which includes doctors, pharmacists, chemists, and others.

Check: Opsonin Pharma Job Circular

Key Information

• Company Name: Opsonin Pharma Limited
• Type: Limited
• Founded: 1956
• Founder: Abdul Khaleque Khan
• Specialties: Human drugs
• Headquarters: 30 New Eskaton, Dhaka, Bangladesh
• Official Website: www.opsonin-pharma.com

7. ACI Pharmaceuticals

ACI stands for Advanced Chemical Industries, is the manufacturer, marketer, and distributor of pharmaceuticals drugs, medicine, and chemical products. The company’s product portfolio consists of 387 drugs, which comes in different forms like tablet, capsule, injection, infusion, insulin, and suppository, etc.

ACI pharmaceuticals have introduced sophisticated manufacturing technologies like Biosimilar (biotech) products, bi-layer tablet, lyophilized products, hormone products, ophthalmic preparations, novel drug delivery system (NDDS), large volume parenteral (LVP), small volume parenteral (SVP), suppositories, effervescent formulation, sustained-release dosage formulations, and more.

ACI Limited has distributed drugs in every corner of the country including rural and urban areas. The company set up 18 warehouses across the country to distribute medicines. Currently, about 5000 peoples are working all over the country.

Since 1999, the company has started exporting products in several countries. Currently, it is exporting medicines to 30 countries of 4 continents. They have brought immediate success in Sri Lanka, Yemen, Myanmar, and Vietnam.

The manufacturing plant is spread across an 11.5-acre area situated at Narayangaj. Around 235 skilled people are involved in the plant to produce world-class drugs.

Check: ACI Job Circular

Key Information

• Company Name: ACI Pharmaceuticals
• Type: Public
• Founded: 1968
• Chairman: Mr. M. AnisUdDowla
• Specialties: Manufacturing Biosimilar (biotech) products, bi-layer tablet
• Headquarters: Tejgaon Industrial Area, Dhaka-1208, Bangladesh.
• Official Website: www.aci-bd.com

8. Eskayef Pharmaceuticals Limited

Eskayef Pharmaceuticals Limited, known as SK+F, is engaged in manufacturing and marketing of therapeutic drugs, bulk pellets, animal health, and nutrition products.

In 1979, the company was incorporated in Bangladesh as a subsidiary of the world-famous multinational pharmaceutical company Smithkline& French (SK+F), based in the USA. The Transcom Group has acquired the ownership of this company in 1990 and named Eskayef Bangladesh Limited. Finally, In January 2017, the company was renamed Eskayef Pharmaceuticals Limited.

According to the IQVIA report, the company is placed 8th position in the leading ten pharmaceuticals industry in Bangladesh in terms of market share.

At present, Eskayef Pharmaceutical exports finished products to more than 30 countries across the 4 continents including Asia, Africa, Australia, and Europe.

The company has set up 4 manufacturing plants such as Tongi Plant, Rupganj Plant, Mirpur Plant, and Gazipur Plant. Currently, more than 4000 employees are working for this company.

Check: Eskayef Pharmaceuticals Job Circular

Key Information

• Company Name: Eskayef Pharmaceuticals Limited
• Ownership: Transcom Group
• Type: Private Limited
• Founded: 1990
• Chairman: Mr. LatifurRahman
• Specialties: Pharmaceutical Finished Products, Bulk Pellets, Animal Health & Nutrition Products
• Headquarters: Gulshan Tower, Plot No. 31 Road No. 53, Gulshan North C/A, Dhaka-1212, Bangladesh.
• Official Website: www.skfbd.com

9. Aristopharma Limited

With the motto of the “Quality – the unit we count”, Aristopharma started its journey in 1986. Its first ultramodern manufacturing plant is situated at Shampur-kadamtali and decorated with highly advanced facilities. In this plant, they manufacture medicines of wide ranges of therapeutic classes such as antiulcerants, antibiotics, NSAIDs, antipyretics, vitamins & minerals, cardiovasculars, antidiabetics, steroids, antipsychotics, antiseptics, and many more.

Aristopharma’s second plant was built in 2010 for manufacturing hi-tech and sophisticated products like inhalers, lyophilized injections, pre-filled syringes, suppositories, insulin & other biotech products.

Now, the company has opened a third manufacturing plant as per US FDA/UKMHRA standard at Gacha, Tongi. Apart from tablets and capsules, they are manufacturing amino acid, hormone, vaccine, and cancer products in this plant.

Also, it has started manufacturing sterile ophthalmic products in 2002; currently, it is the no. 1 position in the sterile ophthalmic market in Bangladesh.

Since 2000, Aristopharma started to export medicines in Vietnam. Now, the company exports its high quality products to 34 countries from 5 continents.

Key Information

• Company Name: Aristopharma Limited
• Type: Private Limited
• Founded: 1986
• Chairman: M. A. Hassan
• Specialties: Manufacturing sterile ophthalmic products.
• Headquarters: Gulshan Tower, Plot No. 31 Road No. 53, Gulshan North C/A, Dhaka-1212, Bangladesh.
• Official Website: aristopharma.com

10. ACME Laboratories Limited

ACME is the publicly traded pharmaceutical manufacturer with a market capitalization of BDT 14,769.799 million. It has an authorized capital of BDT 5000.00 million and a Paid-up-capital of BDT 2,116.00 million. The total Number of outstanding securities of this company is 211,601,700.

The company manufactures medicines in 4 categories such as Pharmaceuticals, Herbal and Neutraceutical, Ayurvedic, and Veterinary. It produces wide ranges of pharmaceutical formulations in several dosage forms including tablet, capsule, injection, cream & Ointment, inhaler, and suppository.

ACME’s state-of-the-art manufacturing plant is located at Dhamrai which is about 40 kilometers North-West of Dhaka city. It has highly sophisticated and advanced machinery facilities. The manufacturing plant is divided into several units such as General Unit, Solid Dosage Unit, BFS, Liquid and Semi-Solid Unit, Veterinary Unit, and Herbal and Ayurvedic Unit.

However, ACME Laboratories Ltd. was founded in 1954 by the Late HamidurRahmanSinha, with a great vision of “To ensure health, vigor, and happiness for all”. It is the sister concern of the ACME Group of Company.

Check: ACME Laboratories Job Circular

Key Information

• Company Name: ACME Laboratories Limited
• Type: Public Limited Company
• Founded: 1954
• Founder: Late HamidurRahmanSinha
• Specialties: Human health drugs
• Authorized Capital (BDT): 5,000.00 Million
• Paid-up Capital (BDT): 2,116.00 Million
• Total No. of Outstanding Securities: 211,601,700
• Headquarters: 1/4, Mirpur Road, Kallayanpur, Dhaka – 1207
• Official Website: www.acmeglobal.com

Also Read: Top Multinational Companies in Bangladesh

Top 50 pharmaceutical companies in bangladesh 2022

Most of the Pharmaceutical companies in Bangladesh are used to make branded-generic products. The leading pharmaceuticals have strong footprints in all generic medicines.

In the last edition of IQVIA in 2020, the volume of the local pharmaceutical market stood BDT BDT205.12 billion. The industry grew 16.51 percent between 2014 and 2018, a significant record in this sector.

According to IQVIA, The top 10 companies hold a 68.1% market share of the pharmaceutical sector. Besides, only five companies have 46.66 percent market share, Square Pharmaceuticals officials said.

In 2018, Square Pharmaceuticals holds 17.0% market share with annual sales worth BDT 34.76 billion, Incepta has 11.08% with annual sales worth 22.73 billion taka, Beximco holds 8.26 percent with BDT 16.94 billion, Renata 5.20% with 10.66 billion Taka, and Health care 5.17% with BDT 10.61 billion.

Also, Opsonin owns 5.08% of the market share with an annual sales value of BDT 10.42 billion, ACI 4.38% with BDT 8.99 Billion, Eskayef 4.37% with BDT 8.96 Billion, Aristopharma 4.11% with BDT 8.42 Billion, and ACME 3.52% with annual sales value BDT 7.21 billion.

In the above, we shortly described the top 10 Pharmaceutical companies in Bangladesh. Here, we listed other pharmaceuticals companies that are operated in Bangladesh.

11. Radiant Pharmaceuticals Limited
12. Beacon Pharmaceuticals Limited
13. Navana Pharmaceuticals Limited
14. Ziska Pharmaceuticals Limited
15. Al-Madina Pharmaceuticals
16. Popular Pharmaceuticals Limited
17. Globex Pharmaceuticals Limited
18. Labaid Pharmaceuticals Limited
19. White Horse Pharmaceuticals
20. General Pharmaceuticals Limited
21. Gaco Pharmaceuticals Limited
22. Delta Pharma Limited
23. Centeon Pharma Limited
24. Orion Pharma Limited
25. Drug International Limited
26. Sanofi Bangladesh Limited
27. Novo Nordisk Pharma Private Limited Bangladesh
28. Popular Pharmaceuticals Limited
29. Ibn Sina Pharmaceutical Industry Limited
30. NuvistaPharmaceuticals Limited
31. Globe Pharmaceutical Limited
32. Bio Pharma Limited
33. Roche Bangladesh Limited
34. Unimed&Unihealth Pharmaceuticals Limited
35. Pacific Pharmaceuticals Limited
36. SMC Enterprise Limited
37. Jayson Pharmaceuticals Limited
38. KemikoPharma Limited
39. Opso Saline Limited
40. Somatec Pharmaceuticals Limited
41. Rangs Pharmaceuticals Limited
42. Apex Pharmaceuticals Limited
43. Pharmadesh Pharmaceuticals Limited
44. Silva Pharmaceuticals Limited
45. Modi Mundi Pharmaceuticals Limited
46. Medipex Pharmaceuticals Limited
47. Asiatic Pharmaceuticals Limited
48. Rak Pharmaceuticals Limited
49. Libra Pharmaceuticals Limited
50. Seribier Pharmaceuticals Limited

Must Read: Top 10 Medical Colleges in Bangladesh

Final Thought

Pharmaceutical industry is the next multi-billion dollar business in Bangladesh. It has developed extensively in various medicine areas. Currently, more than 200 pharmaceutical companies are registered in Bangladesh, but the leading pharmaceuticals company plays a vital role in the local as well as global market.

From animal to human health, these companies are manufacturing all kinds of generic medicines. In this post, we have highlighted the top 10 pharmaceutical companies in Bangladesh, along with 40 lists of pharmaceutical companies. Comment below if we miss any famous pharmaceuticals in BD.