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Investments in pharmaceutical industry on uptrend, says BMI

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PETALING JAYA: Malaysia’s pharmaceutical industry will continue gaining momentum, driven by government incentives to propel local investment in the market, said BMI, a Fitch Solutions company.

It said Malaysia’s New Industrial Master Plan 2030 will promote the integration of value chains for better local production of active pharmaceutical ingredients , vaccines and medicines.“By capitalising on these strategies, we believe Malaysia can attract more investments and position itself as a regional leader in the pharmaceutical industry. “Pharmaceutical sales were RM11.2 billion in 2022, and we forecast medicine sales to increase to RM15.

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