Performance Analysis of Financ ial Soundness and Determinants of Profitability of Pharmaceuti cal Industry in Bangladesh

The pharmaceutical industry, registeri ng an amazing double-digit growth rate in sales over the last decade, has emerged as one of the largest sectors in the economy of Bangladesh. The financial performance of this sector is, in recent times, receiving much attention among the stakeholders. This re search, attempted to analyze the financial consistency of pharmaceutical companies and eval uate the profitability determinants of this sector. In this effort, the study aimed at measuring the financial soundness of pharmaceutical industry by using Altman's Z-score model. It al so examined the determinants of profitability of the industry by testing a number of hypothes es using statistical techniques. Based on the outcomes, the study explained the industry' s contribution and recommended policies for the stakeholders. Finally, the study concluded with discussing the possibl e avenues for further research in this sector.