Ras Al Khaimah (UAE), Business News: – Gulf Pharmaceutical Industries PSC (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, announced the signing of an exclusive license and production agreement with Quantum Genomics, a leading biopharmaceutical company specializing in the development of first-in-class cardiovascular drugs, to market and produce firibastat in the Middle East, all African countries, CIS and Turkey.
The new partnership comes in line with Julphar vision to form robust strategic alliances on the global level, that will help enhance patients’ access to innovative healthcare solutions. The launch of firibastat will address the unmet medical need of up to 25% of all hypertension patients who currently show resistance or are difficult to treat with available therapy alternatives.
With its state-of-the-art manufacturing facilities in the emirate of Ras Al Khaimah, Julphar will be Quantum Genomics’ exclusive production partner and will receive exclusive rights to market firibastat in the following geographic areas: the MENA (Middle East North Africa) region, CIS (Commonwealth of Independent States), Turkey and all other countries on the African continent.
In addition, Julphar will become the preferred manufacturing partner of firibastat for Quantum Genomics in other parts of the world. This new landmark reflects Julphar’s commitment to establishing innovative biopharmaceutical solutions to enhance the UAE’s competitiveness in this strategic sector.
“The new landmark agreement brings together a stronger focus on innovative ways to address critical diseases in the MENA region through manufacturing high-quality medications locally.” he added.”
Jean-Philippe Milon, CEO of Quantum Genomics said: “Julphar, which was founded forty years ago, is one of the largest pharmaceutical companies in the MENA region. Its success has been built on its comprehensive portfolio including anti-infectives, dermatology, and diabetes products, and its presence in all key MENA markets. Its business is expanding fast and cardiology is one of the key areas of investment. Julphar is also amongst the region’s largest producers and is the ideal partner to support firibastat’s future production needs. We’re already exploring how Julphar could meet some of those requirements for the United States and Europe.”
As a leading Emirati brand, Julphar is ideally equipped to expand its market position and continue in its mission to provide access to high-quality and affordable healthcare solutions for all people in the MENA region and across the world. Julphar is focusing on value-adding medicines that provide real impact to the communities it operates in, as well to boost shareholder value by delving into new business lines and capturing greater market share in several core markets of the group.
