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Jakarta Post

Pharmaceutical holding company delayed until October, awaiting Jokowi’s approval

  • Riska Rahman

    The Jakarta Post

Jakarta   /   Thu, September 19, 2019   /  02:41 pm
The Jakarta Post Image
Workers conduct a final check on vaccines produced by PT Bio Farma at its factory in Bandung, West Java. The government plans to officially establish a pharmaceutical holding company before year-end.(Antara/Raisan Al Farisi)

After the establishment of a pharmaceutical holding company was delayed in June, the State-owned Enterprises (SOE) Ministry has announced that it hopes the plan can be realized before the end of this year. Undersecretary for industrial, agricultural and pharmaceutical affairs Wahyu Kuncoro said in Jakarta on Wednesday that he hoped the pharmaceutical holding could be officially established by October. Honesti Basyir, the newly appointed president director of state-owned vaccine producer PT Bio Farma, said preparations for the holding had reached 95 percent. However, the SOE Ministry could not officially establish the holding company just yet as it was waiting for President Joko "Jokowi" Widodo to sign a government regulation on the establishment of the holding company. "We can establish the holding immediately after the President signs it,” he said after Kim...