Global shortages of raw materials, rising input and freight costs, currency depreciation against the US dollar, and increased fuel prices drove up production and distribution expenses

Pharmaceutical company Renata Ltd witnessed a 35 per cent year-on-year drop in net profit in the October-December period due to increased price of raw material generated by the dollar crisis. 

Medicine exports to the developed countries are steadily growing riding on the attainment of regulatory approval from the US, European and some other countries helped by Bangladesh’s capacity to produce high-quality drugs at affordable prices.