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Submitted By sahedshakil
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Quality Control
The company places total emphasis on maintaining and improving of quality of its products as 'life-science' biology following GMP standards of WHO by following strictly laid down criteria at every levels of production and handling. The company also follows-up withdrawals from market of all expiry dated products through close inspection and surveillance. The quality control facilities include a high quality standard Laboratory
Building, Computerized Equipments and
Tools and a team of highly qualified/trained research personnel who are bent upon on unstinted attainment as ethical and moral objective. We are proud of them.
Technology
The company is endeavoring to upgrade and adopt new technology in production, quality control, distribution and administration of its products to patients. During the year
(2014-2015) the company invested an amount of Tk. 285,163,420 in improving its Laboratory.
Export
The company has given a thrust for increasing the export volume within the current capacity.
During the year under review, the exports amounted to Tk. 1,137.99 million as against Tk.
846.33 million in previous year, a 34.46% increase. The exports are expected to rise in the coming years. Present export market covers over 30 Countries. In January, 2015 USFDA audited Square’s facility as Pre Approval
Inspection (PAI) for its submitted ANDA to
USFDA. On June 2015, USFDA confirmed in writing that the PAI was closed without issuing any Form 483 (Negative Comments). The
Company is now awaiting final approval from
USFDA in not too a distant future which would open a new horizon of expansion
Subsidiary Operation
Square Formulations Ltd.
SPL holds 995,000 shares of Tk. 100 each out of total issued 1,000,000 shares. SPL has also deposited Tk. 2,000,000,000 as share money deposit. The Directors' Report for the year ended 31st

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