bullish
Square Pharmaceuticals (SQUARE BD): Recent Policy Changes Open Up International Opportunities
188 Views27 Feb 2022 23:00
SUMMARY
- Square Pharmaceuticals (SQUARE BD) has received permission from the Bangladesh Bank to invest overseas, after the government issued new rules for overseas investment.
- Per initial plan, Square Pharmaceuticals will invest $1 million in Philippines, which is the third largest ASEAN region. The company’s Kenya manufacturing facility is expected to start production soon.
- During H1FY22, Square Pharmaceuticals revenue growth of 17% outpaced the industry growth. The company generated higher net margin than its closest competitors.
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Rising
Tina Banerjee
Global Healthcare Analyst
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