Sheikh Abdur Rahim, Daffodil International University, Dhaka, Bangladesh

One of the highest priority  sectors in Bangladesh is the Pharmaceutical  sector. The reason is that the sector is the second highest contributor to the national exchequer and it creates huge employment opportunities for the unemployed people in Bangladesh. The pharmaceutical companies of Bangladesh currently meet 97percent of local demand and exports to 109 countries in five continents. It also exports pharmaceutical products  to different  international agencies (EPB-2013). Thus, this paper  attempts to reveal  the opportunities of pharmaceutical business in Bangladesh. At present the pharmaceutical companies of Bangladesh are facing tremendous challenges due to the competition in the global market. As per trade-related intellectual property rights ('I'RJPs), thepharmaceuti· cal companies of Bangladesh can continue to produce patented  products  until 2016 (WT0-2012). Therefore, this paper also attempts to explore the challenges facing by the pharmaceutical companies of Bangladesh and prescribe some possible courses of action toovercome these challenges.

Keywords: pharmaceutical, intellectual, opportunity, challenge, Bangladesh

Suggested citation: Rahim, S. A.(2015).Pharmaceutical business in Bangladesh: opportunities and challenges. Skyline Business Journal, Volume 11, No 1,pp 01-11.

Rahim, S. A.(2015).Pharmaceutical business in Bangladesh: opportunities and challenges. Skyline Business Journal, Volume 11, No 1,pp 01-11.