Swiss company Novartis acquires manufacturing facility to produce medicines in Pakistan

[Shahzaz ud din]

Swiss company Novartis acquires manufacturing facility to produce medicines in Pakistan
By
News Desk
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October 19, 2020
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Novartis, a Swiss multinational company with a multi-decade presence in Pakistan, has acquired a manufacturing facility to produce medicines in the country, said Adviser to Prime Minister on Commerce Abdul Razaq Dawood on Monday.
Taking to Twitter, the PM’s aide said, “Novartis has expansion plan that will bring investment of about $20 million.”
He said the investment signifies that the regulatory reforms and competitive local landscape is being recognized as an opportunity by investors, adding that this acquisition also shows the confidence of international companies to invest in the future of Pakistan’s pharma industry.

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swiss banks
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[bafxet]

Novartis is already making its products here, but, If they are starting to manufacture the active ingredients than it is an excellent news.