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Term Paper of Incepta Pharmaceuticals LT

This report analyzes the entire marketing strategy of Incepta Pharmaceuticals Ltd., one of the largest pharmaceutical companies in Bangladesh. It discusses Incepta's history, growth, product portfolio, quality standards, and marketing mix. The report also performs a SWOT analysis and provides recommendations to help Incepta further strengthen its branding, sales, and international expansion efforts. The overall aim of the report is to evaluate Incepta's current marketing approach and provide insights on how it can continue successfully growing its business in Bangladesh and abroad.

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Zahid Jalal
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0% found this document useful (0 votes)
598 views22 pages

Term Paper of Incepta Pharmaceuticals LT

This report analyzes the entire marketing strategy of Incepta Pharmaceuticals Ltd., one of the largest pharmaceutical companies in Bangladesh. It discusses Incepta's history, growth, product portfolio, quality standards, and marketing mix. The report also performs a SWOT analysis and provides recommendations to help Incepta further strengthen its branding, sales, and international expansion efforts. The overall aim of the report is to evaluate Incepta's current marketing approach and provide insights on how it can continue successfully growing its business in Bangladesh and abroad.

Uploaded by

Zahid Jalal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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A study of entire

marketing strategy
of Incepta
Pharmaceuticals
Ltd.
A study on entire marketing strategy of Incepta
Pharmaceuticals Ltd.

Submitted to:
Sheikh Atiqul Islam
Senior Lecturer
Faculty Business Administration
University Of Development Alternative
UODA

Prepared By
Names Student IDs
K. M. Istiaeake Ahmed 031123005
Sabbir Ahmed Opu 032123013
Ahmed Abrar Muttaki 031123013
Umme Tahiratul Tanny 031123002
Ismat Jarin Khan 032123010
Nahida Akter 031123019

37th Batch
Department of Pharmacy

Date of Submission: April 5, 2016

University Of
Development Alternative
University Of
Development Alternative

Later of Transmittal

April 06, 2016

To
Sheikh Atiqul Islam
Senior Lecturer
Faculty Business Administration
University Of Development Alternative
UODA

Subject: Submission of term paper.

Dear Sir,
We would like to report that you have request and give us permission to work on entire
marketing strategy of Incepta Pharmaceuticals Ltd. We have tried our best to work on it carefully
and sincerely to create an informative report.

This way I can do the research and get very remarkable experience. That may be useful in
feature.

We thank you for all participation and their support for the plan was success and managed in
accordance in our common hope.

Sincerely Yours
Ahmed Abrar Muttaki
Ismat Jarin Khan
K. M. Istiaeake Ahmed
Nahida Akter
Sabbir Ahmed Opu
Umme Tahiratul Tanni
University Of
Development Alternative

Later of Authorization

April 06, 2016

To
Ahmed Abrar Muttaki
Ismat Jarin Khan
K. M. Istiaeake Ahmed
Nahida Akter
Sabbir Ahmed Opu
Umme Tahiratul Tanni

Subject: Authorization of term paper.

Dear All,
We have reviewed your term paper and I’m pleased to inform you that have been approved. I
should be grateful for every assistance given to University of Development Alternative in obtain
copies of this paper to be added to archive there.

Thanking You

Sheikh Atiqul Islam


Senior Lecturer
Faculty Business Administration
University Of Development Alternative
UODA
Acknowledgement

At the very beginning, we would like to express our deepest gratitude to Almighty Allah for
giving us the opportunity with strength and patience to carry on this work. In conducting this
study, we have received generous help from many quarters, which we like to mention with
gratitude and great pleasure.
We would like to take this opportunity to express our profound gratitude and deep regard to our
honorable course instructor, Sheikh Atiqul Islam, for his exemplary guidance, valuable feedback
and constant encouragement throughout the duration of the project. His valuable suggestions
were of immense help throughout our project work. His perceptive criticism kept us working to
make this project in a much better way. Working under him was an extremely knowledgeable
experience for us.
TABLE OF CONTENT

Serial Topic Name Page


Number number
1 INTRODUCTION 1
1.1 Origin of the report 2
1.2 Objective of the Report 2
1..3 Scope of the report 2
1.4 Sources of Data 3
1.5 Methodology 3
1.6 Limitation 3
2 COMPANY PROFILE 4
2.1 History & Growth 4
2.2 (2008-2015) Pharma Market Analysis 7
2.3 Quality 8
2.4 Teamwork 8
2.5 Performance 8
2.6 Community 8
3 MARKETING STRATEGY OF INCEPTA 8
PHARMACEUTICAL MARKETING, SALES &
DISTRIBUTION
3.1 Company Position 9
3.2 Product Strength of Incepta Pharmaceutical on the basis of 9
The BGC Growth- Share Matrix
3.3 Marketing Mix and (4C) on the basis of Incepta 10
Pharmaceutical marketing Plan
3.4 Brand & Branding 11
3.5 Local 11
3.6 Global Reach 11
4 SWOT ANALYSIS OF INCEPTA 12
PHARMACEUTICALS LTD.
5 FINDING 13
6 RECOMEDATION 13
7 CONCLUSION 14
Executive Summary

Pharmaceutical company is one of the leading export earning sectors in Bangladesh. The
economy is mostly depended on export earning since it facilitates the increase in export earning
of the country. Every people in the society suffer from several diseases and need medicine for
come round from diseases. So it has a potential market for growing out.

Pharmaceutical company is one of the leading export earning sectors in Bangladesh. The
economy is mostly depended on export earning since it facilitates the increase in export earning
of the country. Every people in the society suffer from several diseases and need medicine for
come round from diseases. So it has a potential market for growing out.

Incepta is second largest Pharmaceutical companies in Bangladesh. Incepta is committed to the


development, manufacturing, control and distribution of safe & effective pharmaceuticals
products in compliance with current regulatory requirements. Incepta has state-of-the-art facility,
robust technology, validated processes and high quality standard. To ensure these, Incepta
continues to develop quality management system with personnel of appropriate background,
knowledge, training and experience.

This term paper is based on the market analysis of Incepta Pharmaceutical Ltd. which upholds
the current marketing situation of the company and some recommendations about its branding,
advertising strategies, sales promotional activities and so on. With the successful growth
nationwide Incepta is now approaching internationally to uphold their brand in the international
platform. The company is focusing to ensure high quality and cost effectiveness makes this
portfolio even more attractive to potential customers. The company is striving to fulfil its long
term vision to provide people globally with high quality health care products at affordable prices
in order to improve access to medicine.

1. INTRODUCTION

Incepta Pharmaceuticals Ltd. was established in Dhaka, Bangladesh in 1999. The company has a
manufacturing facility located at Zirabo, Savar. A second larger manufacturing facility has been
built in Dhamrai.

Since its inception, Incepta Pharmaceuticals has been launching generic products in the
Bangladesh market at a fast pace. The company produces various types of dosage forms which
include tablets, capsules, oral liquids, ampoules, dry powder vials, powder for suspension, nasal
sprays, eye drops, creams, ointments, lotions, gels, prefilled syringes, liquid filled hard gelatin
capsules, lyophilized injections, and human vaccines.

Incepta also conducts research and development in order to fulfil unmet needs of the medical
community in Bangladesh and abroad.

1
The company sells its products in Bangladesh and also has begun exporting to both developed
and developing countries around the world.

In 2015, Incepta Pharmaceuticals was the first company in Bangladesh to launch a generic
version of sofosbuvir in the local Bangladeshi market. The company has begun a gradual shift in
strategy to manufacturing and developing more complex generics and focusing on more high-
growth emerging markets.

1.1. Origin of the report

The case company in this thesis is Incepta Pharmaceutical Company.

Incepta is a manufacturer in the field of medicine. The company produces medicine and offers
medicine to hospital or drugstore. The main business of the company is producing medicine and
selling the medicine. The company can provide products for the different kind of partners, for
example, pharmaceutical companies, hospitals, clinics, pharmacies and other institutes. The
business scopes of the company are Clinical medicine, chemical medicine preparations,
antibiotic preparations, biochemical medicine, biological products, antibiotic bulk drugs and
medical equipment, totalling thousands of varieties.

When I did my practical training in the case company, I found out that there was a big space to
develop the medicine company, and the company has an opportunity to change to be a
manufacturer. Due to the lack of some medicine information and raw materials, the changing of
the pharmaceutical company did not achieve the desired results. The company's MPO
(Marketing Promotion Officer) Mr. Harunor rashid discussed these problems with me and told us
that they needed a new plan to develop the pharmaceutical company. A strategy marketing plan
will help the case company managers pay attention to the real market situation and make a
competitive strategy for the company.

1.2. Objective of the Report

The main objective of the report to analysis the main marketing strategy, to improve and find out
the problems of the marketing process of the Incepta Pharma and way to remove the problem.

1.3. Scope of the report

If we understand the overall report of the marketing plan of Incepta pharmaceutical company
Ltd. This can help us to understand the main problem of our Pharmaceutical Company of
Bangladesh and how we can make a good stapes to make a good profit by earning from whole
world wide. It also helps to make a good weather in the world market of our Bangladeshi
pharmaceutical company.

2
1.4. Sources of Data

The report is fully exploratory in nature. Data have been collected from both primary and
secondary sources.

Primary sources of data

 Face to face conversation with the company officers and staffs.


 Informal conversation with the doctors, MPO, RMP.
 Exposure on different desk of the organization

Secondary sources of data

 Annual report of Incepta Pharmaceuticals Ltd.


 Different manuals of Incepta Pharmaceuticals Ltd.
 Different circulars of Incepta Pharmaceuticals Ltd.
 Unpublished data.
 Different textbooks.
 News papers.
 Different websites.
 Bangladesh Economic Review-2008.

1.5. Methodology

The data have been used in this study are basically collected informally. This is totally an
explorative study. As a result, data are collected by studying and reviewing the statement,
circular and manuals of the organization. The relevant data was collected by informal discussion
with the company officials regarding the business and promotion of the products that they
produce to describe the present situation of pharmaceutical promotion in Bangladesh.

To understand the marketing process of incepta pharma first we make contact a MPO of the
company and take his interview to understand the marketing ethics of the company and also try
to know the problem what the company have to face. We also try to look after the other company
those are marketing over the world and there technique to solve the problems and there
marketing strategy which can help insepta Pharmaceutical company.

1.6. Limitation

A large number of limitations in this report. We can do our maximum work in internet base
analysis and report study. We can’t give the security that the references we use to make this
report all are 100% true or 100% false. But we can ensure that, we try to do our best as we can to

3
make a proper and useful report which can help to development of marketing policy of Insepta
Pharmaceutical and our Bangladeshi pharmaceutical companies.

Like any other study the limitations of this study is not out of questions. But the following
factors seem to me as the some points of weakness of this study, despite all out co-ordination
from the organization.

 One of the notable limitations of this report is sales report is not disclosing some data and
information for obvious reasons, which could be very much useful.
 It was not possible all the time for observing all the Marketing promotional tools used in
pharmaceutical sector both in national and international.
 It was impossible to find out the exact effect of marketing promotional tools used in
pharmaceutical industry.
 Entrance to every nock and corner of the organization was not possible for me.

2. COMPANY PROFILE

Incepta Pharmaceuticals Ltd. is now the 2nd largest company of the country and recognized as
the fastest growing of the top five manufacturing company in the country. Established in the year
1999, the company has come a long way. Currently the Zirabo plant consists of several buildings
with state of the art technology. Dedicated cephalosporin manufacturing building, a specialized
manufacturing building for the production of lyophilized products, insulin and amino acids and
newly built liquid and semisolid manufacturing building and large warehouse is also in
operation.

Another multipurpose building for housing the Research & Development operation along with
the canteen facility is also there. Currently all the products are coming from the plant at Zirabo.
The company now produces almost all types of dosage forms covering nearly all therapeutic
area.

Incepta now has one of the largest and competent sales force and large distribution network of its
own, operated from 21 different locations throughout the country. A most dynamic skilled and
dedicated marketing team comprising of pharmacists and doctors are at the core of the marketing
operation. These highly skilled professionals play a crucial role in providing the necessary
strategic guideline for the promotion of its product.

2.1. History & Growth

Incepta Pharmaceuticals Ltd. is a leading pharmaceutical company in Bangladesh established in


the year 1999. The company has a very big manufacturing facility located at Savar, 35 kilometer
away from the center of the capital city Dhaka.

4
>>December 16th 1998, the construction of the factory began.

>>August 1999, office operations began.

>>December 1999, first batch of product Neodin S 150 (Ranitidine 150 mg tablet) was
produced.

>>January 2000, sales began formally.

>>February 2000, training of the first batch of medical representatives began.

>>April 2000, with the launching of Osartil (Losartan Potassium) the first prescription product
of Incepta was launched in the market. The company started off in a new direction.

Several other first ever product, Celenta (Celecoxib), Rofenta (Rofecoxib) and Omidon
(Domperidone) followed in the footsteps of Osartil.A total of 23 new generics with 35
presentations were launched this year. 4 of these generics were first ever in Bangladesh.By the
end of 2000 Incepta was the number 31st company of the country.There was massive
restructuring throughout the company. Sales, Distribution, Marketing Strategy Department, and
Factory; all were reorganizedA total of 18 new generics with 37 presentations were launched this
year. 11 of these generics were first ever in Bangladesh.

By the end of the year Incepta was ranked the 12th company of the country. The company had a
phenomenal growth of 448% over the previous year (IMS).

>>2002, A total of 32 new generics with 49 presentations were launched. 14 of these generics
were first ever in Bangladesh.Massive expansion project of the factory was envisioned. New
office for the sales and distribution operation was also taking shape.

The company registered an excellent growth of 55.85% over the previous year. By the end of the
year Incepta was ranked the 10th company of the country (IMS).

>>2003, Incepta kept on introducing innovative and newer molecules to the local market. A total
of 32 new generics with 48 presentations were launched. 18 of these generics were first ever in
Bangladesh.The new office (Dhanmondi) for the sales and distribution operation was
inaugurated.

The company registered an excellent growth of 28.5% over the previous year (IMS).By the end
of the year Incepta was ranked the 8th company of the country (IMS).

>>2004, A total of 17 new generics with 32 presentations have been launched. 6 of these
generics were first ever in Bangladesh.

5
The company maintained an excellent growth of 48.2% over the previous year (IMS).The
ranking went up again and the company was ranked the 5th largest company of the country with
the highest growth rate among the top five (IMS).

>> 2005, We thrived under challenge and excelled in venturing into unexplored grounds and
continued to satisfy our customers. Incepta was audited and accepted as a supplier for UNICEF
& UNDP. We started to supply lifesaving drugs to UNICEF from March, 2005.A total of 27 new
generics with 76 presentations were launched. 12 of these generics were introduced first time
ever in Bangladesh.

The company maintained an excellent growth of 34.8% over the previous year (IMS).The
company was ranked 3rd largest with the highest growth among the top five (IMS)

>>2006, By 2006 Incepta had positioned itself as an innovative research oriented and knowledge
based pharmaceutical company specializing in analysis, design and development of new
products.

Incepta successfully started overseas marketing operation from May 2006.A total of 25 new
generics with 82 presentations were launched. 9 of these generics were first ever in
Bangladesh.The company maintained an excellent growth of 31.26% over the previous year
(IMS).The company maintained the ranking of 3rd largest (IMS).

>>2007, Incepta pioneered the introduction of biotech products (Human Insulin) and lyophilized
products (Pantoprazole injection) in the Bangladesh pharmaceutical market. This was the first
time a local pharmaceutical company produced such highly sophisticated technology product in
the country.

A total of 32 new generics with 82 presentations were launched. 4 of these generics were first
ever in Bangladesh.

Marketing, Sales, Distribution and Administration departments shifted to the fully owned new
office premises in Tejgaon, Dhaka. The international standard head office of Incepta started
operation in the new office premises on 1st October, 2007.A marketing and sales team was setup
in Myanmar headed by a country manager from the Marketing Strategy Team to promote the 35
products registered with the Myanmar FDA.The company maintained a growth of 12.93% over
the previous year (IMS).The company held the 3rd largest ranking (IMS) among the companies.

6
2.2. (2008-2015) Pharma Market Analysis
Our Growth In Comparison With Local Pharma Market (IMS* Data)

Beginning in 2000, Incepta has been launching new and innovative products at a
faster pace than its competitors.

Up to December 2014 it has already launched 399 generics with a total of 706
presentations. The company produces a wide variety of dosage forms covering nearly
all the major therapeutic classes.

During the last 14 years of operation Incepta launched as many as 140 new generics
for the first time ever in Bangladesh. High focus on quality and timely introduction of
much needed essential medications previously unavailable in the country has enabled
Incepta to become the second largest pharmaceutical company of the country.

Year No. of Products First Ever Product IMS Rank*


2015 742 5 2nd
2014 706 3 2nd
2013 686 7 2nd
2012 631 7 2nd
2011 632 9 2nd
2010 594 10 2nd
2009 585 4 2nd
2008 532 10 2nd
2007 451 17 3rd

7
2006 368 9 3rd
2005 288 12 3rd
2004 198 6 5th
2003 154 18 8th
2002 119 14 10th
2001 78 11 12th
2000 35 4 31st

* Intercontinental Marketing Services (IMS)

2.3. Quality

Since 1999, the Incepta name has been synonymous with the trust and reliability inherent in the
word Quality. Quality is ingrained in the work of our colleagues and all our Values. We are
dedicated to the delivery of quality healthcare throughout the nation. Our business practices and
processes are designed to achieve quality results that exceed the expectations of patients,
customers, colleagues, business partners and regulators. We have a relentless passion for Quality
in everything we do.

2.4. Teamwork

We know that to be a successful company we must work together, frequently transcending


organizational and geographical boundaries to meet the changing needs of our customers.

2.5. Performance

We strive for continuous improvement in our performance, measuring results carefully, and
ensuring that respect for people are never compromised.

2.6. Community

We aim to become nation's most admirable business enterprise through our honest and intelligent
approach to everything that we do. We strive to support the community where we live and to also
support our nation as far as possible at the time of its need. We truly believe that we can only
survive and grow if our nation remains healthy.

3. MARKETING STRATEGY OF INCEPTA PHARMACEUTICAL (MARKETING,


SALES & DISTRIBUTION)

A complete and integrated Marketing, Sales and Distribution network is required to make the
information on products and services available to the customer.

8
To achieve our purpose and mission, we affirm our values of integrity, respect for people,
innovation, performance and leadership. Around 5300 individuals from diverse disciplines
including pharmacy, microbiology, MBA, Accounting, Engineering and Medicine are working
nationwide under the umbrella of Incepta. All the skilled and professional personnel are set at
their very appropriate responsible positions. Our sales team comprising highly professional
science graduate and post-graduate people are involved in the timely and smooth promotion of
our products for the benefits of our doctors, people as well as the whole nation.

Incepta has its own large distribution network having 20 depots all over the country. They make
the products available in every single drug store of the country. The depots are located in Dhaka,
Chittagong, Rajshahi, Khulna, Sylhet, Barisal, Comilla, Noakhali, Mymensingh, Magura, Bogra,
Narayangonj, Rangpur, Dinajpur, Tangail, Jessor, Moulovibazar, Cox's Bazar and Feni.

3.1. Company Position:

To identify the Marketing Strategies of incepta pharmaceuticals use the below marketing concepts:

We can find the strategies of firms by the roles they play in the target market:

Leader
Challenger
Follower
Nicher
Company focused Competition focused

Where Square Pharmaceuticals is leading the industry in terms of market share there is Incepta
Pharmaceuticals who is lying in the Market Challenger position in terms of market share.

3.2. Product Strength of Incepta Pharmaceutical on the basis of The BGC Growth- Share Matrix

About 1058 product in Incepta Pharmaceuticals. Maximum Drugs are in Tablet, Capsule and injectable
forms. Now days Incepta build a separate Vaccine centre and manufacture a large number of vaccines.
They make a good profit in vaccine manufacturing and seals. On the other hand they invest a large
amount of money in the insulin and related biological product but they cannot bring out the basic amount
of profit in this section.

9
Some normal product such as Antibiotic, Myomine, Esonix are trying to make a good profit. In future, if
the company give a good look on this product , they may Trane around.

3.3. Marketing Mix and (4C) on the basis of Incepta Pharmaceutical marketing Plan:

10
3.4. Brand & Branding

Incepta Has 1,053 registered product in DGDA, Bangladesh. To market this product the copmay have to
branding the product and have to build a brand value of the product in the market. Incepta follows the
Brand procedure which is given bellow---

3.5. Local Market

The domestic market is highly concentrated and competitive. The local manufacturers dominate
the industry capturing market share of 90%. While the multinationals cater to the remaining
demand. According to IMS Health, the top 10 companies hold 68.5% market share, the top 20
hold 85.73%, and the top 31 hold 94.1%, while the remaining 169 companies shared 5.9%
among them.

Incepta Pharmaceuticals Ltd. target segments for different production are well defined, each
product are well positioned and segmentation done on well planned manner.

3.6. Global Reach

There is tremendous potential for the export of medicine from Bangladesh to become a growing,
booming business. The Central Pharmaceuticals Ltd has a large potential market abroad. Drugs
produced in the country commands high demand in the foreign markets as the sector maintains
high quality.

11
Bangladesh is now almost a self-sufficient in its pharmaceuticals sector as 92% of the country
drug demand is met by local manufacturers. With the success in the domestic market place the
Bangladesh Pharmaceutical Industries are now attempting 9 to enter into the international
market.

We market our products in 46 countries of the world through our distribution partners.

Asia: Afghanistan,Armenia,Bhutan,Cambodia,Georgia, Myanmar, Kong Hong, Laos, Maldives,


Mongolia, Singapore, Sri Lanka, Tajikistan, Turkey, Turkmenistan, Jordan, Macau, Vietnam,
Yemen, East Timor.
Africa: Algeria, D. R. Congo, Ethiopia, Ghana, Mauritania, Nigeria, Seychelles, Somalia,
Swaziland, Togo, Kenya, Lesotho, Uganda, Mali.
Europe: Finland, Ukraine, United Kingdom.
South America: Guyana, Bolivia, Colombia, Venezuela, Ecuador.
Oceania: Fiji.

4. SWOT ANALYSIS OF INCEPTA PHARMACEUTICALS LTD.

12
5. FINDING
After observing all information about Incepta Pharmaceuticals Ltd. We can realize that this
company faces some problems. Among them they invest a huge amount of money for giving gift
to the doctors for satisfying them to prescribe their drugs. In other hand they do not invest
sufficient money in research and development sector. For this they become looser in the
computation of the global world. There is another problem this is lack of coordination between
industry and academic. Sometimes they manufacture fake and low quality products which
hamper the reputation of the company. That is the overall problems of the company.

6. RECOMEDATION
We know about the problems of the company.We can take some steps to overcome these
problems.They have to decries the amout of money which are invested for the doctors.They have
to invest a large amount of money for research and development sectors for improving the
quality of the products and sprade all over the world.They should manufacture qualified drugs by
giving concentration of the profit of the company.

The development of Pharmaceutical industry in Bangladesh dates back to early 50‘s when
several national companies started operation and now there are lots of opportunities for this
sector and entrepreneurs are being more encouraged in this sector. Incepta Company strives to
support community where they live and also the nation as far as possible in times of need. Here
are some overall recommendations for Incepta Pharmaceutical Ltd:

13
Incepta Pharmaceutical Ltd. should presence more in the district town and in some important
rural areas as these markets is still untapped.

Looking for cost effective sources of raw materials to bring down the product cost.

Incepta can provide fund in educational initiatives in therapeutic area, disease Prevention.

Incepta industry should play an important role in educating healthcare practitioners on emerging
treatments and technologies.

In addition to broader educational initiatives, it is also recommend that Incepta can use their CRS
funding for education directed at the local community level

More emphasis on service oriented approach to overcome price objection by doctors through
relationship building.

More strategies collaboration with other foreign manufacturers is needed to gain access to
technology and resources.

More flexible functional policies are needed to match the changing environment of the industry.

Incepta can take initiative for field activities among younger generation of prescribers which will
help to build potential future prescribers.

Make public all results, including negative or unfavorable ones, in a timely fashion while
avoiding redundancy.

Transparently report statistical methods used in analysis.

7. CONCLUSION

Their vision is to become a research based global pharmaceutical company in addition to being a
highly efficient generic manufacturer. The company is continuously expending activities beyond
the geographical boundary of Bangladesh. The company is open to collaborate with interested
and relevant practices in various countries. Incepta will continue to strive to provide high quality
medicine at affordable prices to the people here in Bangladesh and other parts of the globe.

Incepta strongly believes that commitment towards people and the society as a whole positively
contributes towards its business objective. Incepta adopts different strategies which create a
sustainable advantage for the company. It is the first Bangladeshi pharmaceutical company to
implement SAP to manage resources throughout the company operation. This world class

14
resource management system allows the company to become more efficient and effective in its
day to day operation.

Incepta is taking special efforts to ensure presence in the rest of the globe. Incepta currently sells
its product in many countries of Asia, Africa, Central and Latin America and has started to sell in
Europe. In Europe the company has registered its own product in UK and has started selling.

It is evident that Incepta Pharmaceuticals Ltd. will be maintaining its position and also trying to
gain a competitive market share by implementing innovative strategies in the coming years as it
is demanded by the highly competitive local and global pharmaceutical industry environment.

15
Bibliography

 Kotler Philip and Gary Armstrong, Principle of Marketing. (12th Edition)


 Kotler Philip, Marketing Management. (12th Edition)
 Malhotra Naresh K, Marketing Research. (5th Edition)
 Anals Micle, Marketing of Pharmaceutical Product. (International Edition)
 Bangladeshi-American Pharmacists’ Association Journal 2006, 2007, 2008.
 Journal from –

Pharmacy Council of Bangladesh


Bangladesh Medical Association
Bangladesh Pharmaceutical Society
Bangladesh Pharmaceutical Manufacturers Association

 Annual Report of Biopharma Laboratories Ltd. 2006, 2007, 2008 & 2009.
 Annual Report of Ministry of Health and Family Welfare.
 Website of Ministry of Health and Family Welfare and the Directorate of Drugs
Administration
 Research paper from Ministry of Health and Family Welfare.
 Report from Consumer Association of Bangladesh.
 http://www.inceptapharma.com/
 www.google.com
 www.reportbd.com

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