Arab Today, arab today uae’s pharma industry shows 10 growth
Last Updated : GMT 21:51:26
Arab Today, arab today
Arab Today, arab today

UAE’s pharma industry shows 10% growth

Arab Today, arab today

Arab Today, arab today UAE’s pharma industry shows 10% growth

Dubai - Arabstoday

DUBAI: Global pharmaceutical giant Merck Sharp & Dohme (MSD) and the UAE’s largest medicinal drugs manufacturer Gulf Pharmaceutical Industries (Julphar) have signed a major agreement on Monday to collaborate on merchandising core medicinal products in the region. This alliance is anticipated to be a booster dose for developing the UAE’s healthcare sector as well as improving access to global standard treatment options for the patients in the region, officials said. With this pact, MSD and Julphar will together promote treatments for cardiovascular disease, pain and inflammation, women’s health and dermatology. The agreement is an initial step, with the possibility of expanding into further areas of development. Andrew Miles, Managing Director of MSD Gulf, indicated that the pharmaceutical industry is going through massive change and growth. The current value of the UAE drug market is 1.2 billion US Dollars. “The pharmaceutical market is registers a 10 per cent annual increase rate, which is attributed to the increasing population, tolerant government policies and adaptation to international healthcare standards,” he told The Gulf Today on the sidelines of the signing ceremony. Dr Ayman Sahli, Chief Executive Officer of Julphar, said that the company has aligned with MSD in the hopes of exchanging world-class knowledge with the global giant. The agreement will tie into the government’s efforts towards developing quality and accessibility within the pharmaceutical sector. “This is the result of shared values and principles of healthcare in the MENA region. Bothe the local and global pharmaceutical manufacturers strive for the highest standards of quality and ethics, focusing on the patient welfare,” he added. “Julphar successfully planned and implemented 13 different brand launches during 2011 in five key markets: UAE, Egypt, Iraq, KSA and Lebanon. Most of the launches were for key products in the chronic disease areas such as cardiovascular, diabetes and respiratory diseases that are predominantly high-prevalence diseases in the GCC and Middle East region. These brands are expected to form the future platform for Julphar growth in the coming years,” Dr Sahli elaborated. According to Miles, this pact underscores the central role the UAE Government plays, in providing a stable policy environment that recognizes and rewards innovative medicines, and provides incentives for continued investment. “The agreement is expected to develop the local economy and benefit patients across the region, in Qatar, Bahrain, Oman, Kuwait and UAE, in terms of access to innovative treatment.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae’s pharma industry shows 10 growth Arab Today, arab today uae’s pharma industry shows 10 growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae’s pharma industry shows 10 growth Arab Today, arab today uae’s pharma industry shows 10 growth

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday