QASA Market Updates • Updates • Pharmaceutical
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Pharmaceutical raw material prices are expected to be stable throughout 2012 Three pharmaceutical companies are investing in the generic drugs segment Two foreign pharmaceutical companies plans to build pharmaceutical in Indonesia The actual sales of foreign pharmaceutical companies in Indonesia grew 8 percent last year The government will provide incentives for investments in pharmaceutical raw materials to lessen import dependency Higher consumption of drugs and pharmaceutical products in line with the improvement of consumers' purchasing power Foreign pharmaceutical manufacturers in Indonesia estimate sales in 2012 to reach US$ 1.21 billion Ipca Laboratories Limited is planning to acquire Indonesian pharmaceutical companies this year to enter the market in the ASEAN region Foreign pharmaceutical manufacturers that operate in Indonesia will not raise their product sale price in second half of 2011 The Indonesian Pharmaceutical Manufacturers Association projects the national pharmaceutical market to grow 14-15 percent National pharmaceutical sales in the second half of 2011 is projected to decline PT Pyridam Farma Tbk, PT Kalbe Farma Tbk, and PT Kimia Farma Tbk are expanding to Southeast Asian countries Three foreign pharmaceutical companies posted net profit of Rp 91.05 billion (US$ 10.74 million) growth in the first half of 2011 Soho Group plans to spend $250 million in the next 10 years to expand its business across the archipelago Foreign pharmaceutical producers’ sales in Indonesia reaches US$ 495 million Pharmaceutical raw material imports for the first half of 2011 is estimated to reach around Rp 4.28 trillion following production growth and the national pharmaceutical product consumption PT Kimia Farma Tbk is expanding to Malaysia by developing three pharmacies in the second half of 2011 The Indonesian Pharmaceutical Entrepreneurs Association estimates that the national pharmaceutical market will reach Rp 20.9 trillion Foreign pharmaceutical manufacturers wants to improve their market share in Indonesia to 30 percent in 2011 The Indonesian Pharmaceutical Entrepreneurs Association projects that national pharmaceutical producers will not increase drug prices until the end of 2011 since raw material prices will not increase until the end of the year |
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