PC Pharma (PCP) a fully owned subsidiary of PCH Holdings announced the launch of the latest product line of Square Pharmaceuticals Ltd. (SPL) in Sri Lanka, and that it has recently entered into a strategic partnership with Square Cephalosporins Ltd., another subsidiary of Square Group, a top line drug-manufacturing conglomerate in Bangladesh.
Square Pharmaceuticals has been in the forefront of technological leadership, innovation and commitment for superior quality with over 500 Square products currently marketed in more than 30 countries worldwide, meeting the challenges and opportunities posed by a dynamic global pharmaceutical market on a daily basis.
S H M Rishan chairman of PCH Holdings & its subsidiary PC Pharma (Pvt.) Ltd stated "PC Pharma has commenced a revolutionary change in the Sri Lankan health care and nutrition sector by becoming the first Sri Lankan pharmaceutical importer to obtain the ISO 9001:2000 certification for adopting and implementing the required standards within the organization, while stream lining the systems and processes. With a diversified business focus PCH Holdings went into Pharmaceutical industry with a view to provide a humane service and now happy to deliver the best in healthcare & nutritional products. International standards and quality would no doubt establish PC Pharma as a force to reckon within the pharmaceutical market both globally and locally. I believe this partnership will benefit both parties, both on quality standards, and unique business ethics"
The launch also sees the partnership of PC Pharma with Square Cephalosporins Ltd., a dedicated state of the art cephalosporin manufacturing facility which is designed and commissioned in accordance to the requirement of international GMP standards like EMEA (European Agency for the Evaluation of Medical Products), UK MHRA and US FDA specialized in antibiotics, including injectables.
"PC Pharma jointly with Square Pharmaceuticals recently launched new anti allergic drug molecules and have re-launched the brand leader in azithromycin, "Zimax". In addition, we have tied up with Square Cephalosporins Ltd., which will provide access to a wide variety of quality pharmaceuticals, at a fair price with island wide distribution. We also bring to you the latest in several other molecules in the categories of anti diabetic, neuropsychiatry, antibiotics, cardiac, respiratory, dermatology and eye & ear preparations, further providing our customers with the best quality in health care" said Dilshad Ikram, general manager, PC Pharma and M Haque, director marketing, Square Pharmaceuticals Ltd. Bangladesh in a joint statement.
Discussing about future developments Haque further stated, "Plans are under way to launch the latest in anti diabetic, neuropsychiatry and cardiac molecules. Access to new medicinal molecules has created the need of a reliable and responsible presence in Sri Lanka; with over 50 years of experience in Pharmaceuticals, and our link with PC Pharma which is strictly in compliance with international quality standards and practises, we believe we will be useful in Sri Lanka in the years to come".
"We are devoted to growing our business within a framework of concern for people and the environment we live in and wish to be recognized as a trusted corporate citizen. PC Pharma's competitive strengths among others lie in its key attributes of financial stability, marketing skill, creative focus and superior networking arrangements with key stakeholder communities within and outside the industry" said Ikram.
PC Pharma although a new entrant to the Healthcare market in Sri Lanka has already carved a niche for itself and is gaining the necessary momentum to establish the company as a key player in the industry. "Suwamadura" and "Osway Medi Mart", the two main SBUs' of PCP has grown exceptionally well over the years. Suwamadura is a centre with a vision to provide an exclusive range of rehabilitation support products and services for the disabled and physically handicapped patients. Osway Medi Mart represents PC Pharma's retail pharmacy operation, through a strategic alliance with John Keells Super markets (JKH).
PC Pharma Private Limited is one of the leading pharmaceutical companies in Sri Lanka which offers a wide range of internationally reputed Medicines, Medical devices and Nutraceuticals whilst providing services such as Medical supplies and Rehabilitation supports for a complete healthcare and nutrition.
Square Pharmaceuticals is the Square group's flagship company, which started its journey 50 years back in Bangladesh, and become the pharmaceutical industry leader by turnover since 1985. It's state of the art GMP (Good Manufacturing Practices) manufacturing facilities in Dhaka and Pabna comply with stringent quality requirements dictated by International Standardizing bodies such as ISO, EMEA, MHRA - UK and the FDA of USA.