Beximco Pharmaceuticals receives US FDA approval

Beximco Pharmaceuticals announced today that they have become the first Bangladeshi company to be approved by the US FDA[1]. The company apparently thinks that this is a pretty big deal, and they have even modified their homepage to display a full-size poster to celebrate this achievement. I can imagine that exporting drugs to the US could be a good business, but I doubt that the financial impact of this approval will be big. They already have approvals from dozens of other countries and so far exports only account for 4.5% of sales. But perhaps the US FDA approval could be a turning point and also make it easier to sell in other countries.

Beximco Pharma US FDA approval poster (cutout)

[1] Not sure what’s exactly the news, in the 2014 AR they already wrote that they successfully completed the US FDA inspection.

Disclosure

Author is long BXP.L

One thought on “Beximco Pharmaceuticals receives US FDA approval

  1. Rabi

    But the interesting thing is the company didnt issue any price sensitive information regarding this in the home bourse (Dhaka Stock Exchange). The price movement is tremendous though.

    Reply

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