PHARMEDIC LABORATORIES (PVT) LTD | Truth is Medicines
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Pharmedic Laboratories

Pharmedic was established in 1982 under the able leadership of Iftikhar A. Sheikh, the company’s founder.

The evolution of Pharmedic is a Saga of hard work, dedication and commitment to serve humanity by providing high quality medicine at an affordable price. A small building in Lahore was the initial plant of the company. Here, the founder, driven by enthusiasm and a pioneering spirit, started production by using his knowledge and experience in the field of analgesics.

Pharmedic
About Pharmedic
Founder Message
Strategy
Mission & Vision
Corporate Governance
Ethics & Compliance

Mission

Our mission is to provide high quality medicines at affordable prices.

We do our best to serve humanity in whatever way possible and pray to God to bless us with the courage, fortitude and strength needed to adhere to our principles and accomplish our mission.

Vision

Pharmedic is a community focused organization where we value our end consumers and their quality of life above all else. We are poised to create a future where top quality medicine is available to everyone. Pharmedic is currently the leading producer of AntiCancer Medicine in Pakistan and, in the near future, will become the leading producer of Anti-Cancer Medicine in the entire Sub-Continent.

Integrity

Instilling high moral and ethical values in all employees such that the Code of Business Conduct Standards are displayed within the conduct of employees.

Agility

Dynamic and adaptable personnel with the flexibility to cope with any foreseen or unforeseen situations professionally, resulting in the smooth running of operations.

Expertise

Extensive knowledge in the formulation of medicine along with specialized, performance-oriented staff resulting in unmatched quality.

Commitment

To provide quality products to customers with an undisrupted supply, according to the best practices within the industry.

Message from our Founder

For all of its existence, Mankind has been embroiled in a never-ending fight between sickness and health. Man has looked to herbs and celestial forces to cure his diseases and improve his health.

With the advent of modern civilization man learnt to use the knowledge and experiences of the preceding generations and this led to the creation of the art of Medicine and Pharmacology.

Pharmedic is dedicated to “Truth in Medicine”. By using superior technology and a wealth of expertise in the pharmaceutical field, it is poised to meet any and all challenges in a world where the fight against disease appears endless.

Iftikhar A. Sheikh
Founder

Strategy

Accelerate

Building up our presence in the Pharmaceutical market by optimizing our portfolio and introducing new life saving drugs every year.

Engage

Indulging ourselves in the utmost customer satisfaction resulting in a competitive advantage via fully content customers

Adapt and Maintain

Coping with dynamic changes within the industry while keeping instilled a strong set of values, expertise, agility, commitment, integrity, and care. We pride ourselves on preserving high ethical standards according to the Code of Business conduct with an approach to satisfy all Stakeholders.

Corporate Governance

At Pharmedic we are committed to the highest level of Corporate Governance.
It is our core belief that good corporate governance can have a wide reaching impact not only for the shareholders but the takeholders as well. We believe in complete transparency and accountability.
It is not enough for us to just be profitable, we strive for a nurturing work environment promoting mutual growth.

ETHICS & COMPLIANCE

 

Pharmedic is committed to act ethically in all its business dealings, meeting the requirements of Pakistan’s law and the Drug Regulatory Authority of Pakistan’s (DRAP) regulations. We believe that a clear and integrated approach to ethics, good governance, risk and compliance are essential to further our integral values and perform responsibly in the industry. Pharmedic is focused on honesty, integrity and the highest standards of transparency and accountability as evident through our internal whistleblowing policy and procedure.

Pharmedic has a three step ethics program which includes the following;

Prevention:

To prevent compliance issues from arising in the first place, we focus on promoting a culture of ethics and integrity. We do this through creating a culture of compliance throughout our company, and through our Standards of Business Conduct, policies, and training, while also using data analytics, risk assessment, proactive investigations, third party vetting, and other compliance efforts to minimize potential risks.

Detection:

We detect potential compliance issues in several ways, including testing by our Internal Audit group, monitoring through our compliance analytics program and by our Controls and Compliance teams, investigating concerns reported by employees and others, and analyzing trends through our Office of Legal Compliance. Compliance is a team effort at Pharmedic. Every employee is responsible for upholding our standards, fostering the culture of compliance in their team and partners, and reporting
concerns.

Rectification:

We assess the root cause of problems, and continually enhance our controls and processes to minimize the risk of recurrence. This process is a core component of our compliance program and growth mindset culture. We discipline employees who violate our policies and standards, regardless of their level, and we stop doing business with partners and suppliers who don’t meet our ethical standards.

These steps enable us to maintain ourselves as an organization which cares for its people and consumers to the extent that we do our best to meet what others expect of us.