Renata Limited
Encyclopedia
Renata Limited also known as Renata, is one of the top ten (in terms of revenue) pharmaceutical manufacturers in Bangladesh
. Renata is engaged in the manufacture and marketing of human pharmaceutical and animal health products. The company also manufactures animal therapeutics and nutrition products. Renata currently employs about 2300 people in its head office in Mirpur
, Dhaka
and its two production facilities in Mirpur
, Dhaka and Rajendrapur, Dhaka.
. However, by the late 1990s the focus of Pfizer had shifted from formulations to research. In accordance with this transformation, Pfizer divested its interests in many countries, including Bangladesh. Specifically, in 1993 Pfizer transferred the ownership of its Bangladesh operations to local shareholders, and the name of the company was changed to Renata Limited.
At present, Renata manufactures about 300 generic pharmaceutical products including hormones, contraceptives, anti-cancer drugs, oral preparations, cephalosporins, parenteral preparations as well as other conventional drugs. In addition, they also offer about 95 animal therapeutics and nutrition products.
(ticker: RENATA). In 2009, the company’s annual turnover was about US $56 million, with an annual growth of about 35%.
approval for its Potent Product Facility. This facility currently manufactures hormone, steroid and cytotoxic drugs, and is exporting prednisolone to the UK.
The company also operates four other manufacturing units – the original Pfizer facility for general products, a UNICEF-approved SFF (Sachet Filling Facility), a Cephalosporin facility, and a Penicillin facility.
(The Global Alliance for Improved Nutrition) provided US$ 2.9 million to Renata Limited and BRAC
, one of the biggest NGOs in the developing world, to build and operate an innovative business model to produce and deliver multi-nutrient powders to vulnerable infants in Bangladesh.
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
. Renata is engaged in the manufacture and marketing of human pharmaceutical and animal health products. The company also manufactures animal therapeutics and nutrition products. Renata currently employs about 2300 people in its head office in Mirpur
Mirpur Thana
Mirpur is a thana of Dhaka city, Bangladesh. It is bounded by Pallabi Thana to the north, Mohammadpur Thana to the south, Kafrul to the east - to the west it is bounded by Savar Upazila.-Geography:Mirpur is located at...
, Dhaka
Dhaka
Dhaka is the capital of Bangladesh and the principal city of Dhaka Division. Dhaka is a megacity and one of the major cities of South Asia. Located on the banks of the Buriganga River, Dhaka, along with its metropolitan area, had a population of over 15 million in 2010, making it the largest city...
and its two production facilities in Mirpur
Mirpur Thana
Mirpur is a thana of Dhaka city, Bangladesh. It is bounded by Pallabi Thana to the north, Mohammadpur Thana to the south, Kafrul to the east - to the west it is bounded by Savar Upazila.-Geography:Mirpur is located at...
, Dhaka and Rajendrapur, Dhaka.
History
The company began its operations as Pfizer (Bangladesh) Limited in 1972. For the next two decades it continued as a subsidiary of Pfizer CorporationPfizer
Pfizer, Inc. is an American multinational pharmaceutical corporation. The company is based in New York City, New York with its research headquarters in Groton, Connecticut, United States...
. However, by the late 1990s the focus of Pfizer had shifted from formulations to research. In accordance with this transformation, Pfizer divested its interests in many countries, including Bangladesh. Specifically, in 1993 Pfizer transferred the ownership of its Bangladesh operations to local shareholders, and the name of the company was changed to Renata Limited.
At present, Renata manufactures about 300 generic pharmaceutical products including hormones, contraceptives, anti-cancer drugs, oral preparations, cephalosporins, parenteral preparations as well as other conventional drugs. In addition, they also offer about 95 animal therapeutics and nutrition products.
Financial Data
Renata is a publicly traded company on the Dhaka Stock ExchangeDhaka Stock Exchange
Dhaka Stock Exchange is the main stock exchange of Bangladesh. It is located in Motijheel at the heart of the Dhaka city. It was incorporated in 1954. Dhaka stock exchange is the first stock exchange of the country...
(ticker: RENATA). In 2009, the company’s annual turnover was about US $56 million, with an annual growth of about 35%.
Production Facilities
Recently, Renata Limited has received the UK MHRAMedicines and Healthcare products Regulatory Agency
The Medicines and Healthcare products Regulatory Agency is the UK government agency which is responsible for ensuring that medicines and medical devices work and are acceptably safe....
approval for its Potent Product Facility. This facility currently manufactures hormone, steroid and cytotoxic drugs, and is exporting prednisolone to the UK.
The company also operates four other manufacturing units – the original Pfizer facility for general products, a UNICEF-approved SFF (Sachet Filling Facility), a Cephalosporin facility, and a Penicillin facility.
Partnerships
Recently, GAINGAIN Global Alliance for Improved Nutrition
The Global Alliance for Improved Nutrition is an alliance driven by the vision of a world without malnutrition. Created in 2002 at a Special Session of the UN General Assembly on Children, GAIN supports public-private partnerships to increase access to the missing nutrients in diets necessary for...
(The Global Alliance for Improved Nutrition) provided US$ 2.9 million to Renata Limited and BRAC
BRAC (NGO)
BRAC, based in Bangladesh, is the world's largest non-governmental development organization. Established by Sir Fazle Hasan Abed in 1972 soon after the independence of Bangladesh, BRAC is present in all 64 districts of Bangladesh, with over 7 million microfinance group members, 37,500 non-formal...
, one of the biggest NGOs in the developing world, to build and operate an innovative business model to produce and deliver multi-nutrient powders to vulnerable infants in Bangladesh.