Beximco Pharmaceuticals (BXP) , the AIM-listed manufacturer and exporter of medicines in Bangladesh announced on Tuesday that it had officially exported its blood pressure drug, Nadolol, to the US market.
Alongside its position as a leading exporter of pharmaceuticals in Bangladesh, Beximco has a global footprint in over fifty countries, as well as being accredited across multiple global regulatory authorities -- excluding the US, these include certifications with the EU, Australia, Canada, Taiwan and the Middle East.
Mr. Nazmul Hassan MP, Managing Director of Beximco Pharmaceuticals, commented: "We are delighted to announce the launch of Nadolol, our fifth product in the US market, which demonstrates continued progress in expanding our presence in this important market.”
Nadolol tablets, the company’s fifth product to be launched in the US, are considered the equivalent of Bristol-Myers Squibb's Corgard tablets in its treatment for targeting hypertension and angina pectoris, more commonly referred to as chest pain. According to IQVIA audited data of US market, in 2018 the total market value for Nadolol was more than $63 million.
In August 2016, Beximco Pharma became the first Bangladeshi pharmaceutical company to export medicine to the US market following its manufacturing site approval by the US FDA in June 2015.
Mr Hassan acknowledged the company’s firm positioning as it continues to establish itself as a leading provider of contemporary medicines across major global markets. He further commented:
“With a strong portfolio and an attractive pipeline of products in development for the US and other regulated and emerging markets, we are well positioned to continue to achieve double-digit growth in our export business."
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