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Vaishali Pharma bags order from Nicaragua and Madagascar for supply of its antibiotics

The company has supplied many of its registered products to various countries, and has received very good response for its quality, timely delivery of the products and services.

June 28, 2021 1:30 IST | India Infoline News Service
Vaishali Pharma Limited has received orders from Nicaragua and a preliminary order from Madagascar for the supply of the various Antibiotics and other generic medicines such as painkillers etc.

Vaishali Pharma, a Mumbai based Company, engaged in supply of pharmaceutical products to corporates, hospitals and retails stores in all SKUs required. Our products have made its grasp on the overseas market and getting an excellent feedback worldwide. The Company is showing consistent agility and innovation by meeting the needs of its customers in both Domestic and International markets.

"We had been persistently making application for registering our products in the international market domain and with the help of our team’s continuous diligent work and planned marketing strategies we have successfully received registrations of our various products and we are expecting many more registrations soon", said company.

The company has supplied many of its registered products to various countries, and has received very good response for its quality, timely delivery of the products and services.

Nicaragua is located in Central America and borders Honduras, Costa Rica, and the Atlantic and Pacific Oceans. It has limited domestic manufacturing capabilities and majority of pharmaceuticals and medical equipment are imported. The majority of diseases include high food or waterborne diseases, bacterial diarrhea, malaria, leptospirosis, Hepatitis A, and typhoid fever, dengue fever.

In Nicaragua,the Local Manufacturing is limited and the markets are import driven, and thus creating huge opportunities for our company. The pharmaceutical market value is approximately USD 475 Mn with location production being less than 20%. The compound annual growth rate stands at 4.5%.

Madagascar, officially the Republic of Madagascar, and previously known as the Malagasy Republic, is an island country in the Indian Ocean, approximately 400 kilometres off the coast of East Africa across the Mozambique Channel. The government’s public health policy seeks to establish universal health care coverage for children under age five, pregnant women, and people over 65.

It prioritizes the provision of adequate and modern equipment and identifies the need to increase the public health budget. The diseases which are highly prevalent in Madagascar, includes cholera, malaria, dengue, chikungunya fever, pneumonia, schistosomiasis (bilharzia), leprosy, rift valley fever, meningitis, and syphilis. HIV/AIDS and tuberculosis are prevalent in Madagascar but are relatively low in comparison to countries within the African continent.

In Madagascar, the pharmaceutical industry is expanding and the Imports of Pharmaceutical products was USD 142.61 Million during 2019 and the African pharmaceutical markets are growing in every segment, given that between 2017 and 2030, prescription drugs are forecast to grow at a compound annual growth rate of 6.5%, generics at 10%, over-the-counter medicines at 7.1%, and medical devices at 12.1% is expected to grow in the upcoming years. Hence, company expects great beneficial progress from such expanding markets.

At around 1:30 PM, Vaishali Pharma was trading flat at Rs40.85 on NSE.

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