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IT looks
like ethical drug giant United Laboratories Inc. (Unilab)
is preparing for the surge in demand for medicines that
is expected to be brought about by the still-unsigned
Cheaper Medicines Law.
Amherst
Laboratories Inc., a unit of Unilab, is investing P1.52
billion for the establishment of a new facility that
will produce liquid-based medicines for various
ailments. It plans to expand its existing manufacturing
line in Biñan, Laguna, which was inaugurated in March
2007.
The toll
manufacturing facility produces new medicines that will
cater primarily to the needs of the domestic generic
companies. Ethical drugs that will be manufactured in
the proposed plant include preparations for antipain,
an-infective preparations, antiinfective, pulmonary
diseases and ailments (anti-tuberculosis products,
anti-asthma, antihistamines and anticough/cold),
gastrointestinal ailments and diabetics as well as
multivitamin and mineral products.
The
products will be in liquid form such as syrups and
suspensions and will be manufactured in accordance with
the certificate of product registration issued by the
Bureau of Food and Drugs.
The new
plant is expected to start commercial operations in
March 2010 and will employ at least 195 Filipinos at
full capacity.
The
project qualified for government incentives, which
include income-tax holiday of up to eight years and
duty-free importation of equipment and raw materials,
after it was granted pioneer status by the Board of
Investments. It is listed in the 2007 Investment
Priorities Plan under the heading preferred activities
for health care and wellness products.
Started
in March 2005 and completed one-and-a-half years later
in October 2006, Amherst produces mostly prescription
medicines in tablet, capsule and powder form, as well as
ointments and nonsteroidal creams. It expects to produce
more than one billion tablets a year.
Some of
the notable products Unilab, and now through Amherst,
manufacture are its famous Biogesic brand of paracetamol,
Hydrite rehydration salts, Dolfenal brand of Mefenamic
Acid and Lormide tablet. Many of these products are now
the leading brands in the
Philippines,
Indonesia, Thailand, Malaysia, Singapore, Hong Kong,
Vietnam and Myanmar.
Unilab,
the most dominant provider of over-the-counter
pharmaceuticals in the Philippines, has developed
significant technical and marketing alliances with major
multinational pharmaceutical companies and research
organizations based in the US, Europe and Japan. |