Pros
Global Recognition: Bio Farma's products are certified by the WHO, making it a trusted vaccine manufacturer in over 150 countries. Government Backing: As a state-owned enterprise, Bio Farma has strong government support, giving it a stable monopoly in the domestic vaccine market. Strong R&D: The company employs skilled professionals and continuously invests in research and development to innovate new products.
Cons
Imported Raw Materials: Bio Farma is heavily dependent on imported raw materials, making it vulnerable to global supply chain issues and price fluctuations. High R&D Costs: Developing new pharmaceutical products requires significant investment and a long timeline, which can be a financial burden. Competition and Regulations: The company faces intense competition from global manufacturers and must constantly comply with strict regulations from international bodies like the WHO.