You are hereHome CategoriesJordan
Tabuk Pharmaceuticals enters into a partnership with Acino
Source: PRNewswire , Author: Posted by BI-ME staff
Posted: Sat September 30, 2017 4:41 pm

JORDAN. /PRNewswire/ --Tabuk Pharmaceuticals Manufacturing Company ("Tabuk") has signed an Asset Purchase Agreement along with a Supply Agreement with Acino Pharma AG ("Acino"), the Swiss-based leader. 

Under this agreement, Acino acquired three of Tabuk's existing products in the cardiovascular therapy area in Saudi Arabia, the Gulf Countries, North Africa, and the Middle East excluding Morocco, Sudan and Algeria.

This project will allow Acino to continue on these products' success, to expand the offering of cardiovascular medicines in Saudi Arabia & the MENA region, and to reach more patients.

"This partnership illustrates our commitment to leverage our MENA-wide footprint and to serve multinational partners looking to maximize their potential in the region," said Mr. Georges De Vos, CEO of Tabuk Pharmaceuticals.

Dr. Rana Azzam, Senior VP of Business Development added, "We are delighted to be collaborating with Acino, one of the fastest growing branded generic companies in the region, this will for sure help us to expand our partners network worldwide. Such partnerships will for sure help us to serve our patients better."

Kalle Känd, CEO Acino Group, commented, "We are very pleased to establish a relationship with Tabuk, a major player in the pharmaceutical landscape in Saudi-Arabia and the Middle East. With this partnership, we are adding products with existing sales to our key countries in this region and can provide a richer portfolio of medicines for our patients."

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 22, 2018
UAE. Middle East Sovereign Wealth funds (SWF) increasing allocation to alternatives; Almost a quarter (23%) of their assets under management invested in private equity, real estate, gold and infrastructure.
date:Posted: February 21, 2018
UAE. Investments in Machine Intelligence & Autonomous Vehicles will continue to grow and change the way we experience the world; The online survey was completed with an audience of 400 "tech elites" and 1,000 general population respondents.
date:Posted: February 20, 2018
UAE. Business leaders from the UAE gathered together at an ACCA event in collaboration with Thomson Reuters which took place in Abu Dhabi and Dubai to discuss the first 100 days of VAT in the UAE and how organisations can navigate adoption challenges.
UAE. Middle East Sovereign Wealth funds (SWF) increasing allocation to alternatives; Almost a quarter (23%) of their assets under management invested in private equity, real estate, gold and infrastructure.
dhgate