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Jakarta Post

Pfizer expands into local generic drug market

  • The Jakarta Post

Jakarta   /   Tue, May 8 2012   /  12:12 pm

Pfizer, the world’s largest research-based pharmaceutical company, says it will expand into the Indonesian generic drug market, allocating US$3 million to increase its factory capacity and lift its local market share in the local pharmaceutical market.

The firm’s local subsidiary, Pfizer Indonesia, is currently in talks with the National Drug and Food Monitoring Agency (BPOM) to realize the plan by the end of the year, before the government implements its social security system (SJSN) to provide health insurance to people.

Pharmaceutical firms expect the demand for medicine and healthcare services in Indonesia to grow significantly in the next five years, as the nation’s BPJS (Social Security Providers) law mandates the establishment of a new health insurance entity for low-income people to get full coverage for severe or complicated illnesses.

Pfizer Indonesia...