, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
Medicine, Laboratory & Treatment(Healthcare & Medicine)
Filter PR by
By 2021 the UAEis set to become one of the leading countries in the pharmaceutical industry

thanks to supportive government policies and knowledge transfer from multinationals.

Dubai February, 2015. Encouraged by supportive government policies and a strong regulatory framework, global pharmaceutical companies are beginning to transfer knowledge to local manufacturing partners in the UAE, in turn helping the Emirates develop a home-grown pharmaceutical industry.

Speaking at an Emerging Markets Intelligence & Research (EMIR) event hosted at Burj Al Arab, H.E Dr. Amin Al Amiri, Assistant Under-Secretary for Public Health Policy and Licensing at the UAE Ministry of Health said, “By 2021 we will be one of the leading countries in the pharmaceutical industry.” The senior health care official went on to encourage pharmaceutical multinationals to follow the lead of Merck Serono, the biopharmaceutical division of Merck, which in 2012 entered into a local manufacturing agreement with Abu Dhabi-based Neopharma.

The production agreement under which Neopharma is working to manufacture two Merck Serono products — Euthyrox, a hormone therapy treatment, and Glucophage a standard oral treatment for type 2 diabetes— is catering to regional demand and helping to turn the UAE into a pharmaceutical export base.

According to industry experts at the event, the partnership offers a powerful example of how UAE firms, with a supportive government creating a conducive business environment, can partner with international companies to bring innovation, research, science and technology to the Emirates.

While this knowledge transfer itself is of benefit to the economy, local manufacturing is also good news for patients. Hitherto a significant part of global production for Glucophage was imported from Europe to the Middle East, but with the drug being manufactured locally, the partnership reduces the lead-time for products to reach the market, reducing supply shortfalls.

“The strategic partnership with the UAE Ministry of Health has bolstered our local and regional presence, augmented our brand equity and improved patient access to our innovative medications while driving development and growth,” said Paolo Carli, Head of Middle Near East, Saudi Arabia and Egypt.

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 17279 times
PR Category : Healthcare & Medicine
Posted on : Wednesday, February 4, 2015  7:30:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
AIGNER Dubai World Cup Timepiece [38528-Views]
Tiziana Terenzi launches its Anniversary Collection [38028-Views]
Go the extra mile this Valentine's Day with Robinsons [33591-Views]
Kick off Spring/Summer season in style with Centrepoint's latest collection [28897-Views]
CG of India declared Champion at the 2nd Diplomat Cricket Cup by Skyline University College [25928-Views]
Premium products to enhance brand image and accelerate profitable growth for LG [23682-Views]
IKEA Saddened by the Passing of Founder, Ingvar Kamprad [22792-Views]
LG to Launch UltraFine 5k Display Tailored for Mac Users [22566-Views]
MAC - Hyper Real Glow [21972-Views]
Skyline University College organized a 3-Day Boot Camp for GIFT University, Pakistan students [21640-Views]
The New Rado HyperChrome Chronograph in bronze and high-tech ceramic [20812-Views]
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C being used for the 1st t... [20680-Views]
CBRE Group, Inc. Named a World's Most Admired Company by Fortune Magazine for Sixth Consecutive Year [20229-Views]
M∙A∙C Mineralize Total Detox [20160-Views]
Celebrate Life and Love with Mouawad Jewelry [18749-Views]
Xpress Money registers a 10% growth in 2017 [17314-Views]
LG Announces 2017 Financial Results [15916-Views]
A Gift for Everyone on's Valentine's Day Gift Shop [15822-Views]
Jazeera Airways announces FY2017 financial results [14789-Views]
Skyline University College Organized One-Day Refresher Course in Management for Government, Consulat... [14375-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories