Martin Dow Explained

Martin Dow Limited
Type:Private
Industry:Pharmaceutical
Location:Karachi, Pakistan
Key People:Jawed Akhai (late), Ali Akhai
Products:Enflor, Duvel Plus, Rocephin, Cal One-D, Rivotril, Musidin, Lexotanil, Inspra, Esomax, Dilatrend, Elixaban, Orpase, Dowmoxi, Safepram, Kytril, Bon One, Malcifer-F, Fusiderm, Terbin, Dormicum, Dowmoxi,Orzit,Inspra, Dowfylin, Valium
Revenue: (2021)[1]
Num Employees:1,000+ [2]
Subsid:Seatle (Pvt.) Ltd., Martin Dow Marker, Martin Dow Healthcare, Martin Dow Pharmaceuticals
Homepage:

Martin Dow is a Pakistani multinational pharmaceutical company which is based in Karachi, Pakistan. It was founded in 1995[3] and is one of the leading pharmaceutical companies in Pakistan. It has more than 60 brands and over 1000 employees. Its products are manufactured in Karachi at its cGMP compliant manufacturing plant.[4]

As of 2016, Martin Dow had six manufacturing facilities in Pakistan[5] and one in France[6] .

History

The company was founded in 1995.

In 2010, Martin Dow acquired the manufacturing facility and brands of Roche Pakistan.[7]

In 2015, Martin Dow was recognized as a Global Growth Company by the World Economic Forum.[8] In the same year, Martin Dow entered into an alliance with Biocodex S.A., a France-based pharmaceutical company.[9]

In 2016, German Merck KGaA executed a binding contract to divest its shareholding in Pakistan to Martin Dow Ltd.[10] [11] [12]

In 2016, in a €1.5 million deal, Martin Dow acquired the Laboratoires Salem (before 2010 Bristol-Myers Squibb) pharmaceutical manufacturing facility in Meymac, France.[13] [14] In March 2017, the French President Francois Hollande inaugurated Martin Dow Pharma's Meymac Plant in France.[15] [16] The plant of V2Pharm in Gien, France, was also taken over by Martin Dow.[17]

In 2020, Martin Dow was awarded for excellent performance in fire safety and protection by the Sindh Local Government minister.[18]

Controversy

In 2016, the National Accountability Bureau (NAB) arrested two directors of Martin Dow because it wrongfully derived financial benefits on the basis of illegal price increase.[19] [20] [21]

Notes and References

  1. Web site: Martin Dow Limited . The Pakistan Credit Rating Agency Limited . 29 February 2024.
  2. Web site: CORPORATE PROFILE. Martin Dow. 31 December 2016.
  3. News: Pakistani pharmaceutical company to operate in France. 30 December 2016. Business Recorder. 21 August 2016. Martin Dow was established in 1995 initially as a pharmaceutical marketing company in Karachi (Pakistan).
  4. Web site: Martin Dow - Corporate Profile . Martin Dow.
  5. News: Hussain . Dilawar . A strategic relationship . 31 December 2016 . . 21 Nov 2016. With the acquisition of Merck Pakistan, Martin Dow will have six manufacturing facilities in the country..
  6. Web site: Mettis . Global . Martin Dow Pakistan adds state of art manufacturing facility in France . Mettis Global Link . 22 August 2024 . 29 March 2019.
  7. News: Martin Dow - Company Profile. 28 December 2016. Business Recorder. 15 July 2012.
  8. Web site: List of Global Growth Company Members. World Economic Forum. 30 December 2016.
  9. News: Treating illness: Martin Dow, Biocodex ink alliance. 2 January 2017. Express Tribune. 12 March 2015.
  10. News: German pharma giant divests interests. 28 December 2016. PPI. The Express Tribune. 8 November 2016.
  11. News: Merck divests its Pakistan stake to Martin Dow. 28 December 2016 . . 8 Nov 2016.
  12. News: Martin Dow acquires Merck operations in Pakistan. 28 December 2016. The News International. 8 November 2016.
  13. News: Pakistani pharmaceutical company to operate in France. 30 December 2016. Business Recorder. 21 August 2016. A Pakistani Pharmaceutical company, Martin Dow has acquired a pharmaceutical manufacturing facility in Meymac, France. The facility was earlier owned by the renowned pharmaceutical firm Bristol-Myers Squibb..
  14. News: Mérigaud. Corinne. Laboratoires Salem repris par le pakistanais Martin Dow. 30 December 2016. L'Usine Nouvelle. 3 December 2015.
  15. Web site: French President to inaugurate Pakistani Pharma Plant in France. The Nation. 3 January 2017.
  16. Web site: Inauguration of Martin Dow plant by the French President (Meymac, 16 March 2017). La France au Pakistan - Ambassade de France au Pakistan. en. 2019-04-01.
  17. Web site: L'ancien site de V2Pharm à Gien va être repris. 1 July 2015. La Republique. 3 January 2017.
  18. Web site: 2020-12-22. Sindh LG Minister Nasir Shah gives Fire Safety Awards to 43 companies. 2021-01-01. Daily Times. en-US.
  19. News: Drug business: NAB arrests 8 involved in mega corruption. The Express Tribune. 23 November 2016.
  20. News: NAB arrests eight in drug price-hike cases. The Nation. 23 November 2016.
  21. News: NAB arrests top bureaucrat in illegal drugs price hike case. Daily Times (Pakistan). 25 November 2016.

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