Nepal to export medicines for the first time

Source:Xinhua Published: 2013-1-18 16:26:44

Nepali drug authority said Friday it has, for the first time in history, allowed seven pharmaceutical companies to export medicines, according to Department of Drugs Administration.

"We have permitted seven Nepali companies to export their products abroad. This would be the first instance of such exports, " Gajendra Bahadur Bhuju, a senior manager with the Department told Xinhua Friday.

The companies with the certificates of permission can export medicines worth Rs 300 million (around $3.5 million) in one year.

The selected seven companies are now undergoing preparation to export at least 12 to 20 finished products abroad.

In the first phase, medicines will be exported to Sri Lanka, India and Bhutan, while in the next phase the exports will target other markets as well.

"We are in the final phase of registering our companies in the target countries to legalize our medicine exports," said Pradip Jung Pandey, chairperson with Lomus Pharmaceuticals Pvt. Ltd.

"As of today, we have completed almost 80 of ground work required for the exports," he said.

"We are still importing medicines into Nepal. It is a positive step that we are now readying ourselves for exports too," said Hari Bhakta Sharma, executive director with Deurali-Janta Pharmaceuticals.

Apart from Lomus and Deurali-Janta, the other five companies to receive the exports permission include National Health Care, Nepal Pharmaceuticals Lab, Myagnesh Pharmaceuticals, SR Drug Laboratories and Elder Universal Pharmaceuticals.

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