Davipharm certified with EU-GMP

Oct 9th at 11:14
09-10-2021 11:14:06+07:00

Davipharm certified with EU-GMP

 Davipharm, one of the leading domestic manufacturers of high-quality generic drugs, a member of Adamed Group, announced its certification with the EU-GMP quality standard.

The EU-GMP has been obtained for the manufacturing operations (production and packing) of non-sterile products in capsules, hard shells and tablets.

Davipharm certified with EU-GMP

Davipharm announced its certification with the EU-GMP quality standard during the virtual conference “Invest in Vietnam. Wins and challenges.” on October 7, 2021

In November 2017, Adamed Pharma, a Polish pharmaceutical and biotechnology company, acquired the controlling stake in Davipharm, one of the fastest-growing pharmaceutical companies in Vietnam. This is the largest-ever direct private Polish investment in Vietnam.

The EU-GMP certification is the most important milestone in the company strategy focused on raising standards of drug production.

Michal Wieczorek, CEO of Davipharm, said, “When in 2017 Adamed bought 70 percent of shares in Davipharm, becoming the biggest direct Polish investor in Vietnam, it had a crystal-clear strategy for Vietnam. With US$50 million investment, out of which over US$10 million has been spent on the upgrade of Davipharm manufacturing plant in Binh Duong and the improvement of quality processes, we committed to contribute to the local economy not only by paying taxes and creating jobs, but also by providing high-quality medicines at affordable prices to local patients, thus supporting the Ministry of Health to optimize the spending on drugs. And with further expansion of our business by developing the export, thus backing the improvement of Vietnam’s trade balance, we hope to be emblematic of the foreign investment in Vietnam”.

“I trust that EU-GMP qualified factories are the key growth drivers in Vietnam and the only way to develop the local company. With this EU-GMP certification, we are ready to achieve our other ambitious goals,” he added.

VietNam Economic News



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

HSBC blows green support to Vietnam's wind energy sector

HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) has confirmed its agreement in providing the short-term green trade finance in renewable energy construction for Power...

Cash-strapped investor needs partners for $619 mln seaport in central Vietnam

The investor of a VND14.234 trillion ($618.9 million) seaport in Quang Tri Province is calling for partners to jointly develop the facility.

US to promote renewable development in Vietnam

Vietnam is committed to stepping up efforts against climate change and transition towards a green economy, Prime Minister Pham Minh Chinh has said.

Vietnam approves new $2.3 bln LNG project

Vietnam on Friday approved a $2.3 billion liquefied natural gas power plant due to be co-developed by Vietnamese and South Korean companies and to start commercial...

Petrovietnam reports steady growth despite pandemic

Viet Nam’s State-owned oil and gas group PetroVietnam has shown remarkable resilience in reaching its revenue targets, despite the hardships caused by the pandemic.

HCM City businesses slowly resume production, but remain cautious about COVID

 HCM City companies are resuming production after months of closure, but remain cautious about the pandemic, only gradually reopening and getting workers back.

Businesses, entrepreneurs – pioneers in industrialisation: Top legislator

Businesses and entrepreneurs are pioneers in the cause of industrialisation and modernisation, National Assembly Chairman Vuong Dinh Hue affirmed on Thursday.

Binh Duong vows best conditions for US firms

Chairman of the People’s Committee of southern Binh Duong province Vo Van Minh has committed all possible support for firms, including those from the US, to resume...

Offshore wind to bring opportunities to Binh Thuan Province

Wind power projects like La Gan Offshore Wind Project have proven to be significant job generators thanks to their long-term, sophisticated supply chain.

Bui Vien Street: Beer, whisky make way for veggies, fruits

Several bars and beer parlors on Saigon’s iconic backpacker street have responded to prolonged Covid-19 business restrictions by switching to selling vegetables...


MOST READ


Back To Top