Dubai PR Network, Online Press Release from Dubai and Middle East
 
Healthcare(Healthcare & Medicine)
Filter PR by
  
Dubai's LIFEPharma signs historic agreement with Apotex Inc., the largest producer of generic drugs in Canada
 

The project will see LIFEPharma manufacture 120 million tablets of medicine per year for 10 years

Abu Dhabi: 10 October, 2019:  LIFEPharma, a fully integrated pharmaceutical manufacturer, and a wholly-owned subsidiary of the UAE-headquartered VPS Healthcare, announced a historic agreement with Apotex Inc., the largest producer of generic drugs in Canada.

In a first of its kind agreement, LIFEPharma will manufacture nine products in its state-of-the-art facility in Dubai – which will then be exported for commercialization in Canada – becoming the first UAE company to export generics to the North American market.

Under the 10-year contract LIFEPharma will be producing as many as 120 million tablets per year. The products include medications used to treat a certain type of nerve disease, commonly called Lou Gehrig's disease. Other products include medications used to treat symptoms of Parkinson's disease, an antiviral drug used in the treatment of hepatitis B virus infection, a medicine used to treat partial seizures and a synthetic antibiotic used for the treatment of infections caused by multi-resistant bacteria. 

None of these therapeutics have ever been manufactured in the UAE or the GCC for export  – or at these volumes – to the North American markets, demonstrating LIFEPharma’s ability to deliver complex products that meet the standards of quality in one of the most rigorous regulatory pharmaceutical markets in the world. 

“The partnership is an important milestone not only for LIFEPharma and VPS Healthcare, but also for the UAE,” said Dr. Shamsheer Vayalil, Chairman and managing Director of VPS Healthcare. “This project represents an important milestone in the strategy to make the UAE a global hub for knowledge-based, sustainable and innovative industries, “ he added.

The pharmaceutical manufacturing industry is an innovation-led, value-based growth engine for the UAE’s economy. It combines the prowess of advanced technologies with the expertise of highly-skilled professionals, allowing the UAE to successfully compete in the global marketplace and move beyond its current trade and logistics standing.

“The GCC region continues to be a significant growth opportunity and focus for Apotex. The partnership with LIFEPharma represents an important step in achieving our growth objectives,” said Jeff Watson, President & CEO, Apotex. 

Apotex and LifePharma are also considering manufacturing additional products for export to the Middle East that will leverage LIFEPharma’s access in the UAE and GCC markets to introduce new and niche products.

The UAE’s only USFDA-certified facility, LIFEPharma also holds the honor of being the first UAE pharmaceutical production company approved to supply medications to USA, UK, Australia, Portugal and Taiwan – six countries with some of the toughest regulatory requirements.

LIFEPharma started operations in Dubai’s Jebel Ali Free Zone (Jafza) in 2014. The manufacturing facility has a capacity of 1 billion tablets, 300 million capsules and 30 million liquids. 


Posted by : Dubai PR Network Editorial Team
Viewed 5142 times
PR Category : Healthcare & Medicine
Posted on : Thursday, October 10, 2019  10:54:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Physicians Stress Importance of ‘Golden Hour' for Stroke Pat...
Next Story : Ajman Opens the Largest Private Academic Hospital in the Reg...
Email this article Print this article

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

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Look after your body & enjoy nourished skin from Local, Homegrown Company, The Simplicity ... [8296-Views]
China's Latest Moves in Ip Protection Leads to Unprecedented Legal Judgement for Swedish S... [5685-Views]
Time for tennis - Ugo Humbert joins Rado YoungStars [5466-Views]
Karama gets crowned. Once more. [5118-Views]
American Eagle Launches It's Holiday'19 Collection [4856-Views]
Stack It Up With Shack Stack Now in the UAE! Shake Shack is All About Upping the Burger Ga... [4843-Views]
Steve Madden Celebrates Brand's 30th Anniversary In Dubai [4819-Views]
Al Tayer Motors launches the new Maserati Quattroporte SQ4 Zegna PELLETESSUTA™ at the Duba... [4630-Views]
The "Karl Legend" Collection [4416-Views]
Parmigiani Fleurier Tonda Chronor Slate [4374-Views]
PCFC discusses wider horizons for trade and logistic services with Dubai business groups [4246-Views]
Monochromatic Denim [4233-Views]
The perfect Watch from Beach to Tux [4136-Views]
Redefine Your Winter Wardrobe with REDTAG! [3928-Views]
Al Tayer Motors Opens Magnificent New Maserati Showroom In Dubai [3886-Views]
‘Carpet of Tolerance' created by Hands and Senses revealed at Downtown Design, Dubai [3861-Views]
National Geographic Abu Dhabi Provides an Unprecedented Look into Makkah's Sprawling Hospi... [3794-Views]
Massive Diabetes Awareness and Management Drive in Ras Al Khaimah to screen thousands [3788-Views]
Rivoli Group Announces Winners of the Third Qualifier Tournament for Omega Nations Golf To... [3733-Views]
Dubai Design Week and the first Rado Star Prize UAE [3721-Views]
Emirati Musicians, International Composers & the Royal Philharmonic Orchestra in Harmony F... [3721-Views]
Accor's role as Makkah's leading pilgrim hospitality services provider showcased in Nation... [3709-Views]
A Charming New Aigner Update [3697-Views]
Humans in Space Symposium discusses what it takes to be an astronaut [3690-Views]
Pandora Holiday Collection [3575-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories