24 November 2021
BEXIMCO PHARMACEUTICALS LTD.
Statement re: media comment
Beximco Pharmaceuticals Limited ("Beximco Pharma" or "the Company"; AIM Symbol: BXP, LEI No.: 213800IMBBD6TIOQGB56), the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, notes recent media reports in Bangladesh relating to Covid-19 vaccine supplies.
Reports suggest that the Serum Institute of India Private Limited (SII) will resume exports of Covid-19 vaccine doses into Bangladesh in December 2021. However, in line with the Company's announcement on 11 October 2021, Beximco Pharma is yet to receive any confirmation from SII in this regard. The Company remains in dialogue with the Government of Bangladesh and SII and a further announcement will be made as appropriate.
Reports also suggest that Beximco Pharma is building its own capacity to produce Covid-19 vaccines and that this capability could be operational within four-to-six weeks. While the Company can confirm that, as part of its ongoing mission to provide patients with affordable treatment options, it is in the process of establishing an in-house vaccine capability, this is still at an early stage. No decision has been made on whether this vaccine capability will focus on Covid-19 or other target disease areas. As above, any material developments will be announced as appropriate.
For further information please visit www.beximcopharma.com or enquire to:
Nazmul Hassan MP, Managing Director
Tel: +880 2 58611001, ext.20080
S M Rabbur Reza, Chief Operating Officer
Tel: +880 2 58611001, ext. 20111
Mohammad Ali Nawaz, Chief Financial Officer
Tel: +880 2 58611001, ext.20030
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady / Andrew Emmott
Tel: +44 (0)20 3368 3551 / 3555
SP Angel Corporate Finance LLP (Broker)
Vadim Alexandre / Abigail Wayne
Tel: +44 (0) 20 3470 0470
Simon Conway / Victoria Foster Mitchell / Sam Purewal
Tel: +44 (0)20 3727 1000
About Beximco Pharmaceuticals Limited
Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Since its inception in 1976, the Company remains committed to health and wellbeing of people across all the continents by providing access to contemporary medicines. Company's broad portfolio of generics encompasses diverse delivery systems such as tablets, capsules, liquids, semi-solids, intravenous fluids, metered dose inhalers, dry powder inhalers, sterile ophthalmic drops, insulins, prefilled syringes, injectables, nebuliser solutions, oral soluble films etc. The Company also undertakes contract manufacturing for multinational and leading global generic pharmaceutical companies.
Beximco Pharma′s state-of-the-art manufacturing facilities are certified by global regulatory authorities of USA, Europe, Australia, Canada, GCC and Latin America, among others and it has a geographic footprint in more than 50 countries. More than 5,500 employees are driving the company towards achieving its aspiration to be among the most admired companies in the world.