Industry News
This diabetes medication needs to be taken only once a day. Curious? It is an innovation from Ferron, an Indonesian pharmaceutical company that developed this alternative to standard diabetes drugs, which typically require three doses daily.
Imports still account for 90% of the pharmaceutical industry's raw material needs. Although some domestic raw materials are available, the pharmaceutical industry has been somewhat hesitant to use them because they lack certification.
Although the pharmaceutical industry relies on drug patents to secure market exclusivity, these rights typically last only 20 years. Given that drug research and development can take a decade, pharmaceutical companies are motivated to extend their patent rights to safeguard the results of their research and the integrity of the drug.
Law Number 33 concerning Halal Product Assurance (JPH Law) was enacted to protect the public. As a Muslim-majority nation, Indonesia certainly requires halal labeling for products, whether they are food or medicines.
