Malaysia drugs firms net RM34m sales

BT

he Malaysian pharmaceutical industry generated sales worth RM34.1 million at the Convention on Pharmaceutical Industry (CPhI) Worldwide 2012 in Madrid, Spain, from Oct 9 to Oct 11.

The Malaysia External Trade Development Corporation (Matrade) said the event was a collaboration between Matrade and the Health Ministry to promote exports of Malaysian pharmaceutical products.

CPhI Worldwide is the world's leading networking event for the pharmaceutical industry especially for sourcing contract manufacturing opportunities and collaborations in generic drugs.

"Eleven Malaysian pharmaceutical companies were represented at the event, of which eight were under Matrade-led Malaysia’s national pavilion," Matrade said in a statement.

A total of 174 business meetings took place between Malaysian companies and foreign buyers from various countries such as India, Sweden, Portugal, the United States, Mexico, Algeria, Ukraine, Iran, United Kingdom, Russia, Germany and Australia.

Among the products foreign buyers wanted to source are ethical drugs, paediatric care, dermatological care, nutraceutical products, intravenous solutions, small volume injections, wound healing for diabetics, food supplements and natural colorant powders, it said.

Matrade said the Malaysian participants were also approached by potential partners from India, Mexico, Algeria, Iran and Czech Republic for possible collaborations in contract manufacturing.

With the encouraging result from our inaugural participation in this event, Matrade, the Health Ministry and the industry will continue to work together to ensure our continued presence at this leading event for the pharmaceutical industry, it said.

The forthcoming event by Matrade to promote pharmaceutical products will see Malaysian companies' participation in the Arab Health 2013, which will be held in Dubai from Jan 28 to 31, 2013, it added. -- BERNAMA