Pharmaniaga Berhad will establish a presence in the United Arab Emirates by partnering with Prime Healthcare Group, one of the middle east’s leading healthcare service providers.
The partnership was sealed with the signing of an MOU between Pharmaniaga’s wholly-owned subsidiary, Pharmaniaga Manufacturing Berhad, and Prime Medical Store LLC (Prime Medical), a subsidiary of PRIME Healthcare Group. The MoU will serve as the foundation for establishing the framework that will grant Prime Medical the exclusive right to register, import, promote, market, sell and distribute Pharmaniaga’s pharmaceutical products in UAE.
Prime Healthcare Group operates 15 medical centers, 15 Medprime pharmacies, multiple diagnostic centers, and a multispecialty hospital, with more than 400 physicians and 1,500 supporting professionals providing advanced medical care to citizens and residents of the UAE. Datuk Zulkarnain Md Eusope, Pharmaniaga Group Managing Director said, “With the Halal pharmaceutical market set to grow to USD205 billion by 2024 we believe the partnership with PRIME Healthcare Group will help to widen our market reach further and contribute significantly to the revenue. Dubai will be our base to bring our products to other countries in the Middle East, Africa and even Europe.”
Meanwhile, Pharmaniaga Chairman Datuk Seri Zainal Abidin Mohd Rafique added, “Pharmaniaga is proud and ready to push our products internationally. Hence, this collaboration is a momentous event for the Group and an opportunity to leverage each other’s capabilities and strengths. “We believe and are confident that this partnership will result in a more robust ecosystem for both companies as PRIME Healthcare Group is amongst the reputable pharmaceutical service providers with a highly-skilled workforce and technological expertise in UAE’s local healthcare industry,” he remarked.
