Acino and Pharmax collaborate to align with UAE’s strategy to become a regional pharmaceutical manufacturing hub
Monday 21st June 2021
Agreement between Swiss Acino and UAE-based EU GMP-licensed Pharmax covers the licensing, manufacturing, and supply of select Acino products across the Middle East and Africa, based on the local needs of patients.
21 June, 2021; Dubai, United Arab Emirates – Acino, a leader and trusted partner in high-quality pharmaceutical products and services, today announced it has entered into a strategic partnership with the UAE based Pharmax Pharmaceuticals, that will form a major step in aligning with the UAE’s aspirations towards becoming a regional pharmaceutical manufacturing hub for innovative and similar medicines.
The signing ceremony took place in the presence of H.E. Dr. Amin Hussein Al Amiri, Assistant Undersecretary for Public Health Policy and Licenses at the Ministry of Health and Prevention; H.E. Frank Eggmann, Consul General of Switzerland to Dubai; Steffen Saltofte, CEO, Acino; Dr. Andrew Bird, General Manager and Head of Region, Middle East, Turkey and Africa, Acino; Madhukar Tanna, CEO at Pharmax Pharmaceuticals; Fahad Al Qassim, Executive Director, Healthcare & Pharma, ADQ; Marwan Abdul Aziz, Managing Director, Dubai Science Park; and Abdulla Bin Souqat, Executive Director H.H Sheikh Hamdan Bin Rashid Al Maktoum Award for Medical Sciences.
His Excellency Dr. Amin Hussein Al Amiri, Assistant Undersecretary for Public Health Policy and Licenses at the Ministry of Health and Prevention said: “This partnership between Acino and Pharmax is in line with the UAE’s strategy aimed at bringing high-quality medicines in the country, and strengthening our position as a healthcare pioneer in the region, especially in the production of innovative and similar medicines in local factories in the United Arab Emirates – in partnership with international pharmaceutical companies. We are glad to see high-quality Swiss medicines in the UAE and look forward to continue supporting such collaborations to achieve our shared goals.”
Together with Pharmax, Acino will further its commitment to MOHAP’s vision for enhanced access to high-quality essential medicines for patients and healthcare providers. Acino’s reputation is also rooted in its ongoing investments, such as last year’s acquisition of Japanese firm Takeda’s primary-care products portfolio, as well as local partnerships to deliver on the region’s healthcare ambitions.
“Acino is committed to advancing the development of healthcare across the UAE and the wider region by accelerating access to high-quality medicines that patients and governments can trust and value,” said Dr. Andrew Bird, General Manager and Head of Region, Middle East, Turkey, and Africa, Acino. “Through our partnership with Pharmax, we shall usher in a new phase of enhancement for patient services in the UAE and beyond that will lead to higher standards and better outcomes in care across the region. This collaboration is also a vital step in supporting UAE’s economic diversification efforts, and transforming the country into a pharmaceutical manufacturing hub for innovative and similar medicines in the region.”
The agreement will encompass the licensing, manufacturing, and supply of select Acino products across the Middle East, , and Africa region, based on the local needs of patients. These include gastroenterology, pain relief and the cardiovascular system, which is around half of Acino’s UAE portfolio. The first locally manufactured product is expected to be available in the UAE market later this year.
“The partnership between Pharmax Pharmaceuticals and Acino is one that is multidimensional and synergistic. It will enable both companies to enhance access to affordable high-quality medicines here in UAE and the region,” said Madhukar Tanna, CEO, Pharmax Pharmaceuticals. “Both organizations have worked very closely in a time bound manner to realize this partnership, and constantly guided by MOHAP’s vision of bringing and developing technology locally and boosting domestic production. I look forward to seeing both organizations build on a strong foundation to pursue our shared objectives.”
Marwan Abdulaziz Janahi, Managing Director of Dubai Science Park, said: “Today is an important step forward that will elevate Dubai’s knowledge and innovation-based economy in line with the vision of our leaders. Dubai Science Park was established more than 15 years ago to bring companies together to exchange ideas and contribute to the emirate’s growth and diversification, and we are extremely pleased to see such partnerships being built and developed within our ecosystem.
Acino is a Swiss pharmaceutical company headquartered in Zurich, Switzerland with a clear focus on selected markets in the Middle East, Africa, Russia, the CIS Region, and Latin America. The company is backed by Nordic Capital and Avista Capital Partners. We deliver quality pharmaceuticals to promote affordable healthcare in these emerging markets and leverage our high-quality pharmaceutical manufacturing capabilities and network to supply leading companies through contract manufacturing and out-licensing. With a proven track record and in-depth knowledge of our markets, our dedication to get medication to those who need it most, and with our scientific educational approach, we aim to become the preferred brand for patients and healthcare professionals. For more information, please visit www.acino.swiss.
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About Pharmax Pharmaceuticals:
Pharmax Pharmaceuticals is a UAE-based pharmaceutical company which manufactures and markets affordable, branded generic medication. Committed to exceeding the expectations of healthcare providers, practitioners and patients, the company offers a diverse range of medications across a range of therapeutic areas. Pharmax Pharmaceuticals is a GMP-licensed international manufacturer and distributor of high-quality medications into most regulated markets globally. Pharmax Pharmaceuticals is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.
For more information, please visit www.pharmax.ae.
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