Renata Limited

Last updated
Renata Limited
Company type Limited Company
DSE:  RENATA
Industry Pharmaceutical
Founded1993;31 years ago (1993)
Headquarters,
Bangladesh
Area served
South Asia, South East Asia, Africa, Europe and Latin America
Key people
Syed S Kaiser Kabir (CEO)
ProductsMaxpro, Rolac, Fenadin, Rolip, Furoclav and more
Number of employees
3485
Website renata-ltd.com

Renata Limited (formerly Pfizer Laboratories (Bangladesh) Limited), also known as Renata, is one of the top ten (in terms of revenue) [1] pharmaceutical manufacturers in Bangladesh. Renata is engaged in the manufacture and marketing of human pharmaceutical and animal health products. [2] The company also manufactures animal therapeutics and nutrition products. Renata currently employs about 2300 people in its head office in Mirpur, Dhaka and its three production facilities in Mirpur, Dhaka, Rajendrapur, Gazipur and Bhaluka, Mymensingh. [3]

Contents

Financial data

Renata is a publicly traded company on the Dhaka Stock Exchange (ticker: RENATA). [4]

Production facilities

Recently, Renata Limited has received the UK MHRA approval for its Potent Product Facility. [5] This facility currently manufactures hormone, steroid and cytotoxic drugs, [6] and is exporting prednisolone to the UK. [7]

The company also operates four other manufacturing units – the original Pfizer facility for general products, a UNICEF-approved SFF (Sachet Filling Facility). [8]

Partnerships

Recently, GAIN (The Global Alliance for Improved Nutrition) provided US$2.9 million to Renata Limited and BRAC, one of the biggest NGOs in the developing world, to build and operate an innovative business model to produce and deliver multi-nutrient powders to vulnerable infants in Bangladesh. [9]

Constroversy

Renata was fined on 21 January 2016 by the Department of Environment for damaging the environment. The company has also illegally occupied land owned by the forest department. [10] Syed S. Kaiser Kabir, the CEO, of the company had illegally grabbed government land to build a house near Dhaka-Mymensingh highway. [11]

Related Research Articles

Bangladesh Export Import Company Limited, commonly known by its trade name BEXIMCO, is a Bangladeshi multinational conglomerate holding company, headquartered in Dhaka, Bangladesh. It was founded in the early 1970s.

<span class="mw-page-title-main">King Pharmaceuticals</span> American pharmaceutical company

King Pharmaceuticals, is a pharmaceutical company, a wholly owned subsidiary of Pfizer based in Bristol, Tennessee. Before being acquired by Pfizer, it was the world's 39th largest pharmaceutical company. On October 12, 2010, King was acquired by Pfizer for $14.25 per share. King produced a wide range of pharmaceuticals, including Altace for heart attack prevention, Levoxyl for hypothyroidism, Sonata, a sleeping aid, and Skelaxin, a muscle relaxant. King Pharmaceuticals operated manufacturing facilities in Bristol, Tennessee; Rochester, Michigan; St. Louis, Missouri; St. Petersburg, Florida; and Middleton, Wisconsin. They employed approximately 2,700 people including a sales force of over 1,000 individuals.

<span class="mw-page-title-main">Cefpodoxime</span> Antibiotic

Cefpodoxime is an oral, third-generation cephalosporin antibiotic available in various generic preparations. It is active against both Gram-positive and Gram-negative organisms with notable exceptions including Pseudomonas aeruginosa, Enterococcus, and Bacteroides fragilis. It is typically used to treat acute otitis media, pharyngitis, sinusitis, and gonorrhea. It also finds use as oral continuation therapy when intravenous cephalosporins are no longer necessary for continued treatment.

<span class="mw-page-title-main">Tongi</span> Town in Dhaka Division, Bangladesh

Tongi is a major township in Gazipur, Bangladesh, with a population of 350,000. It hosts the Biswa Ijtema and features a BSCIC industrial area, which produces BDT 1500 crore of industrial products annually, and marks the northern border of Dhaka since 1786. Tongi Shahid Smrity high School compound is mass burial site of the genocide in Liberation War of Bangladesh.

<span class="mw-page-title-main">Beximco Pharma</span> Pharmaceutical company in Bangladesh

Beximco Pharmaceuticals Ltd, also known as Beximco Pharma, is a pharmaceutical company in Bangladesh. It is a part of Bangladesh Export Import Company Limited (BEXIMCO).

Eskayef Pharmaceuticals Ltd., also known as SK+F, is a pharmaceutical company in Bangladesh. It belongs to the Transcom Group. Simeen Rahman is the Managing Director and CEO of the company.

<span class="mw-page-title-main">Incepta Pharmaceuticals</span> Bangladeshi pharmaceutical company

Incepta Pharmaceuticals Limited is a Bangladeshi pharmaceutical company based in Dhaka that manufactures and markets generic drugs and vaccines. Abdul Muktadir is the chairman of the company.

<span class="mw-page-title-main">Savar Upazila</span> Upazila in Dhaka, Bangladesh

Savar is an Upazila of Dhaka District in the Division of Dhaka, Bangladesh and is located at a distance of about 24 kilometers (15 mi) to the northwest of Dhaka city. Savar is mostly famous for the National Martyrs' Memorial, the national monument for the martyrs of the Liberation War of Bangladesh.

<span class="mw-page-title-main">Bhaluka Upazila</span> Upazila in Mymensingh Division, Bangladesh

Bhaluka is an upazila of the Mymensingh District located in Bangladesh. It is one of the oldest small business hubs in the area.

<span class="mw-page-title-main">Bangladesh–China relations</span> Bilateral relations

Bangladesh–China relations are the bilateral relations of Bangladesh and China. Bangladesh has an embassy in Beijing and consulates in Hong Kong and Kunming. China has an embassy in Dhaka. Both countries are members of the BCIM Forum. According to Chinese government designations, Bangladesh and China are in a "strategic partnership of cooperation".

A contract manufacturing organization (CMO), more recently referred to as a contract development and manufacturing organization (CDMO) to avoid the acronym confusion of Chief Medical Officer or Clinical Monitoring Organization in the pharma industry, is a company that serves other companies in the pharmaceutical industry on a contract basis to provide comprehensive services from drug development through drug manufacturing. This allows major pharmaceutical companies to outsource those aspects of the business, which can help with scalability or can allow the major company to focus on drug discovery and drug marketing instead.

General Pharmaceuticals Limited is a pharmaceutical company based in Dhaka, Bangladesh since 1987.

<span class="mw-page-title-main">Wyeth</span> American pharmaceutical company

Wyeth was a pharmaceutical company until it was purchased by Pfizer in 2009. The company was founded in Philadelphia, Pennsylvania, in 1860 as John Wyeth and Brother. Its headquarters moved to Collegeville, Pennsylvania, and Madison, New Jersey, before its headquarters were consolidated with Pfizer's in New York City after the 2009 merger.

Bashundhara Group is a Bangladeshi conglomerate and one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987 as a real estate company under the name East West Property Development Ltd (EWPD). After its first project turned out to be successful, the company grew quickly. It presently owns more than 50 major concerns located throughout Bangladesh. The company's import-export turnover was $1.12 billion or BDT 111.38 billion in the 2022-23 fiscal year. In the 2018 fiscal year, the company's real estate holdings amounted to BDT 50,000 crores, or $4.6 billion.

<span class="mw-page-title-main">Runner Automobiles</span> Motorcycle manufacturer company of Bangladesh

Runner Automobiles Ltd. (RAL) is a motorcycle and three-wheeler manufacturer based in Bangladesh. The company produces a range of motorcycles varying in size from 80 to 150 CC, and has become a major player in the sub 100 CC motorcycle segment in the country. In addition to motorcycles, Runner also produces three-wheeler auto-rickshaws in its Blaluka factory. The increase in disposable income among the general population and a rapidly growing middle class has contributed to the rise in demand for two-wheelers in Bangladesh. Runner offers 12 different models of motorcycles and scooters, with capacities ranging from 80 CC to 150 CC.

The electronics industry in Bangladesh is one of the fastest-growing industries in the country with great potential. Popular Bangladeshi electronics brands include Walton Electronics, Singer Bangladesh, Jamuna Electronics, Vision Electronics. Local companies such as Fair Group, Butterfly Group, Electra, Rangs Group, Electro Mart, and Transcom Group manufacture and assembles Electronics Home Appliances in collaboration with foreign brands such as Samsung, Whirlpool, LG, Sony, Gree, Konka, and Sharp.

Beacon Pharmaceuticals PLC is a Bangladeshi pharmaceutical company that develops generic version of medications.

<span class="mw-page-title-main">COVID-19 vaccination in Bangladesh</span> Immunisation programme against COVID-19 in Bangladesh

Bangladesh began the administration of COVID-19 vaccines on 27 January 2021 while mass vaccination started on 7 February 2021.

Square Group is a Bangladeshi diversified conglomerate based in Dhaka. Samuel S Chowdhury is the chairman and Tapan Chowdhury is managing director of Square Group. Square Group has 60 thousand employees.

References

  1. Haroon, Jasim Uddin (15 February 2010). "Square tops list of 10, Incepta second". The Financial Express. Dhaka. Archived from the original on 1 October 2011.
  2. http://www.datamonitor.com/store/Product/renata_limited?productid=91312953-CEAB-43EF-8BD0-5A907E2C3ACF
  3. https://www.google.com/finance?q=DSE:RENATA
  4. "Renata Ltd (RENATA:Dhaka)". Bloomberg Businessweek. Archived from the original on 5 October 2012.
  5. Chowdhury, Raihan M. (10 November 2007). "Pharmaceutical sector development necessitates vertical integration". The Financial Express. Dhaka.
  6. http://nation.ittefaq.com/issues/2008/11/14/all0712.htm
  7. Khan, Jasim Uddin (4 June 2008). "Renata set to export medicine to Europe". The Daily Star.
  8. http://www.gainhealth.org/about-gain/participants#R
  9. http://www.gainhealth.org/press-releases/AR08-09
  10. Kantho, Kaler. "অপকর্মে বেপরোয়া রেনাটা | কালের কণ্ঠ". Kalerkantho (in Bengali). Retrieved 2018-01-10.
  11. "অপকর্মে বেপরোয়া রেনাটা". Bangladesh Pratidin (in Bengali). Retrieved 2018-01-10.