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CPhI Global Portfolio Expands into South East Asia
Date:10/24/2011

AMSTERDAM, Oct. 25, 2011 /PRNewswire/ -- Leading events organiser UBM Live, a division of UBM Plc (LSE: UBM), today announced the introduction of a new event, CPhI South East Asia to cater to the pharmaceutical ingredients market, that will debut in 2012 from 10 to 12 May at the Jakarta International Expo in Indonesia. The latest member of the CPhI global portfolio of pharmaceutical events is being introduced to offer a meeting place for pharmaceutical professionals in this quickly growing region. The show will offer exhibitors and visitors the opportunity to establish new business opportunities and network with key decision makers in the pharmaceutical industry within the ASEAN region.

In 2010, Indonesia's pharmaceutical market had an estimated value of US$3.9 billion, which represented an increase of more than 10% from the previous year. This growth is expected to continue and is coupled with new legislative reforms that are allowing the ASEAN market to drastically change its relationship with the global market. At present, Indonesia currently has around 200 pharmaceutical manufacturers with around one fifth having foreign investment. There is also a big generics sector, which accounts for three-quarters of total pharma sales, that is controlled by four state-owned companies who have about 70% of the market. Planned reforms include expanding the allowance for foreign investors to own drug companies from the current 75% to a full 100%. The aim is to persuade the big pharma companies to build Indonesian production facilities and create manufacturing and supply hubs for the rest of the region.

"Indonesia is the ideal location for the introduction of a new CPhI event. The South East Asia region is an exceptional example of a "pharmerging" market and we feel that it is key to establish presence here at this time. The new event offers visitors with a unique opportunity to access an area that is aligning itse
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SOURCE UBM Live
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