Marck Biosciences, a leading manufacturer and marketer of sterile dosages pharma products and Blow-Fill-Seal specialist, has received an approval from the NPCB (National Pharmaceutical Control Bureau), Ministry of Health, Malaysia for large volume parenterals, small volume parenterals & ophthalmics. Marck is the only company in India to have received the NPCB approval for its small volume parenterals facility. No it plan to enter the Singapore and Malaysian market.
Marck, which has presence in about 70 countries across the world, plans to introduce a range of small volume parenterals including ophthalmics, irrigation solutions, injectibles and respiratory solutions, and IV parenterals formulations in the large volume parenterals in Singapore and Malaysia.
Commenting on the development, Bhavesh Patel, managing director, said, "The NPCB approval has significant implications for Marck. First, our early entry into Malaysia and Singapore opens up a large export market for our products. Second, the manufacturers of these countries can now get their brands outsourced from Marck. Third, since NPCB is a participant of PIC/S - The Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme - which has 36 participating authorities including those from UK and Australia, the approval will help our registrations endeavour in other PIC/S member countries."
"With the NPCB approval and the most modern SVP & LVP capacity at our Kheda facility near Ahmedabad, we will efficiently cater to Malaysia, Singapore and Brunei with our vast product range. A strong marketing, sales and distribution team will be put in force by our South East Asia Head to accelerate the penetration planned," added Patel.
The South-East Asian countries represent a total market of 588 million people and a combined GDP of $2.2 billion.
Marck Biosciences' manufacturing facilities are certified by many international regulatory authorities including the ANVISA from Brazil. With a globally benchmarked manufacturing facility and technically advanced formulation & development centre, Marck provides innovative product development solutions and manufactures a varied range of "Difficult-to-Make" dosages for top pharma marketers in India and world. Today its products are marketed in over 70 countries across Latin America, Asia, Africa, Asia & Pacific Ocean countries.