Martin Dow Explained

Martin Dow
Type:Private
Industry:Pharmaceutical
Founder:Jawed Akhai
Location:Karachi, Pakistan
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. It was founded in 1995[3] [4] and has six manufacturing facilities in Pakistan[5] and one in France.[6]

History

Martin Dow was founded in 1995 and began operations in 2000 with a small manufacturing facility in Lahore.[7]

In 2010, Martin Dow acquired the manufacturing facility and brands of Roche Pakistan.[8]

In 2015, Martin Dow was recognized as a Global Growth Company by the World Economic Forum.[9] In the same year, Martin Dow entered into an alliance with Biocodex S.A., a France-based pharmaceutical company.[10]

In 2016, German Merck KGaA executed a binding contract to divest its shareholding in Pakistan to Martin Dow Ltd.[11] [12] [13]

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.[14] [15] In March 2017, the French President Francois Hollande inaugurated Martin Dow Pharma's Meymac Plant in France.[16] [17] The plant of V2Pharm in Gien, France, was also taken over by Martin Dow.[18]

In 2020, Martin Dow was awarded for excellent performance in fire safety and protection by the Sindh Local Government minister.[19]

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.[20] [21] [22]

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. Web site: Interview: Javed Ghulam Mohammad, Group MD & CEO, Martin Dow Group. Mariam Ali. Baig. 23 April 2021. Aurora Magazine.
  8. News: Martin Dow - Company Profile. 28 December 2016. Business Recorder. 15 July 2012.
  9. Web site: List of Global Growth Company Members. World Economic Forum. 30 December 2016.
  10. News: Treating illness: Martin Dow, Biocodex ink alliance. 2 January 2017. Express Tribune. 12 March 2015.
  11. News: German pharma giant divests interests. 28 December 2016. PPI. The Express Tribune. 8 November 2016.
  12. News: Merck divests its Pakistan stake to Martin Dow. 28 December 2016 . . 8 Nov 2016.
  13. News: Martin Dow acquires Merck operations in Pakistan. 28 December 2016. The News International. 8 November 2016.
  14. 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..
  15. News: Mérigaud. Corinne. Laboratoires Salem repris par le pakistanais Martin Dow. 30 December 2016. L'Usine Nouvelle. 3 December 2015.
  16. Web site: French President to inaugurate Pakistani Pharma Plant in France. The Nation. 3 January 2017.
  17. 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.
  18. Web site: L'ancien site de V2Pharm à Gien va être repris. 1 July 2015. La Republique. 3 January 2017.
  19. Web site: 2020-12-22. Sindh LG Minister Nasir Shah gives Fire Safety Awards to 43 companies. 2021-01-01. Daily Times. en-US.
  20. News: Drug business: NAB arrests 8 involved in mega corruption. The Express Tribune. 23 November 2016.
  21. News: NAB arrests eight in drug price-hike cases. The Nation. 23 November 2016.
  22. News: NAB arrests top bureaucrat in illegal drugs price hike case. Daily Times (Pakistan). 25 November 2016.

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