Sri Lanka’s Yaden Labs exports liquid injectables
The Morning: Yaden Laboratories (Pvt) Ltd., a Sri Lankan pharmaceutical manufacturer operating out of the Katunayake Export Processing Zone, has exported its first batch of sterile liquid injectables to Zambia.
The pharmaceutical manufacturer has been operational since October 2022 and has been catering to the requirements of the Ministry of Health Sri Lanka.
The export consignment that had headed towards Zambia consisted of essential medicines, including Ketamine and Midazolam injections, used for anesthesia and sedation purposes.
Yaden Laboratories (Pvt) Ltd. Chairperson and Managing Director Shashimal Dissanayake said: “This is the pharmaceutical first-ever export of sterile formulation medicine made in Sri Lanka, which is exported to Zambia. In the upcoming weeks we are going to export to Somalia, and by November we will be exporting to Cambodia and Azerbaijan. We expect to export to many other countries in the near future as well.”
Yaden Laboratories (Pvt) Ltd. CEO Prakash Babu said: “I am proud to be a part of this remarkable milestone. After successfully having supplied about six million units of medicines in the Sri Lanka market, we’re thrilled to take our sterile formulation medicines to Zambia. This export success will open doors to new opportunities.”
OSL take:
Sri Lanka’s healthcare industry is on a growth path with expansions in both local and international markets. With the increasing demand in the local market as well as in foreign markets, there are many business/investment opportunities in production and distribution. The expansion of pharmaceutical and medical appliance manufacturing in the country has received a boost by the many trade agreements enjoyed by Sri Lanka with many foreign countries. The news of Sri Lanka’s Yaden Laboratories (Pvt) Ltd exporting medicines to Zambia shows the increasing business potential in Sri Lanka’s healthcare industry, especially in the field of pharmaceutical and medical appliance manufacturing. Realizing the increasing business potential in Sri Lanka’s healthcare manufacturing sector, the Sri Lankan government has also presented many incentives to the sector by way of dedicated export manufacturing zones with special benefits, etc. All these factors indicate the expansion of business/investment opportunities in Sri Lanka’s healthcare manufacturing industry and related sectors that could be explored by foreign businesses/investors on the lookout for lucrative ventures. Foreign businesses could also look at further expanding operations through local collaborations while also looking at setting up bases in Sri Lanka to engage with other countries in the region using the preferential treatment enjoyed by Sri Lanka with these countries.
| Article Code : | VBS/AT/20250911/Z_2 |