Cost Procedures and Accounting Information System of Beximco Pharmaceuticals Limited

Abstract

The worldwide pharmaceutical industry and additionally the Bangladeshi pharmaceutical industry have moved far over the most recent ten years. We have seen pharmaceuticals advertise developing to the new statures and understood that the most encouraging open doors are to be found with world's rising economies. The expanding matured populace internationally, noteworthy statistic move, would result in the worldwide pharmaceutical market enrolling a sound development throughout the following decade. Pharmaceutical industry is a knowledge-based market. This market differs from consumers market. Today in competitive environment, pharmaceutical industries are demanding much promotional backup to satisfy their customers. We also believe that going forward the pharmaceutical industry would witness a major shift from developed market to emerging economies, from primary care class to position therapy and chemistry to biotech. In recent times, the global pharmaceutical industry has shown high interest in Bangladesh due to its sustained economic growth, health care reforms. In the last few years Bangladeshi pharmaceutical industry has achieved significant energy, making its presence felt in the global market primarily through its focus on global generics markets. The Bangladeshi general companies are making their presence felt across regulated and semi regulated market through merger and achievement, alliances and agreement with big Pharma MNC’s. The product patent administration is believed to offer huge opportunity for the Pharma MNC’s as it will not only position Bangladesh an important market to launch their block buster drugs but also a strategic destination for conducting clinical trials. Bangladeshi as well as big MNC’s are following the union and partnership model to attack into the new markets and geographies.