Expanding Coverage
Forbes Indonesia|June 2020
State-owned pharmaceutical Indofarma is expanding its business to medical equipment to battle the pandemic.
Elisa Valenta
Expanding Coverage

As demand for medical devices grows during COVID-19, the Indonesian government has pushed for the development of domestically produced medical equipment, ranging from test kits to ventilators, to boost the country’s battle against the pandemic.

The pandemic has highlighted the role of state-owned enterprises (SOE) in saving lives and livelihoods. In early April this year, the Ministry of SOE appointed several state-controlled companies to mass-produce COVID-19 equipment, such as diagnostic test kits, ventilators, and personal protective equipment (PPE).

A sharp increase in demand for masks has also prompted publicly listed state-owned pharmaceutical firm PT Indofarma (INAF) to produce masks and other PPE.

Originally, Indofarma manufactures and markets generic, over-the-counter (OTC), and branded generic drugs in Indonesia and overseas. The company engages in the research and development, testing, production, and sale of drugs and traditional medicines in the form of tablets, capsules, ointments, creams, gels, syrups, dry syrups, powders, drops, injections, and elixirs.

With the arrival of the coronavirus outbreak, the company has sped up its transformation from a pharmaceutical product manufacturer based on Public Service Obligation (PSO) to become a global healthcare company.

As one of the country’s oldest drugmakers, Indofarma now also produces medical equipment for COVID-19 such as syringe, surgical suture, infusion, electro-medical device, and also rapid test equipment. The company teams up with local universities to develop ventilator prototypes to help meet skyrocketing demand for the crucial medical equipment to treat coronavirus patients.

Denne historien er fra June 2020-utgaven av Forbes Indonesia.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra June 2020-utgaven av Forbes Indonesia.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA FORBES INDONESIASe alt
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ mins  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 mins  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 mins  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 mins  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 mins  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 mins  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 mins  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 mins  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 mins  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ mins  |
November 2021