Healthcare
Sectors

EPP 3: Malaysian Pharmaceuticals

  • GNI by 2020 (mil)
    RM13,853.7
  • Projected jobs by 2020
    12,440

EPP 3: Malaysian Pharmaceuticals – Increasing Local Generic Manufacturing for Exports

This EPP seeks to capitalise on the impending expiry of patents on major drugs to increase Malaysia’s generic drug manufacturing capacity. In order for the country to reap the benefits from this market, estimated to be worth US$132 billion, the Malaysian industry must take the following measures:
  • Leverage the country’s membership in The Organisation of the Islamic Cooperation and the Pharmaceutical Inspection Convention and Pharmaceutical Inspection Cooperation Scheme to create an export platform
  • Drive efforts to localise and upgrade local manufacturing plants
  • Develop strong ties between multinational corporations and local manufacturers
Highlights

  • Income generated from pharmaceutical exports grew 9% in 2014, surpassing the 5% growth target.
  • The partnering of foreign companies with local players has contributed to positive developments in the transfer of MNCs' manufacturing operations to Malaysia. To date, 11 projects have been accorded EPP status.
  • In 2014, AFT Pharmaceuticals, a privately-owned company with operations in Australia and New Zealand, agreed to partner a local manufacturer to produce orphan drugs in Malaysia.
2015/08/06
Projects

EPP Champions

Status:
Operational
Economic Transformation Programme
The ETP Transformation Story
The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020.
Copyright © 2013 Performance Management & Delivery Unit (PEMANDU)