Apex Healthcare Bhd plans to build a new office and warehouse complex in Subang Jaya, Selangor, its managing director Dr Kee Kirk Chin said.
He said the new building, to be completed at the end of next year, would also house the group's corporate office in the Klang Valley.
The new premises will increase efficiency and improve workflow, and is expected to attract manufacturers looking for high quality logistics and distribution facilities, he told reporters after the company AGM in Malacca on Wednesday.
He said the group's wholesale and distribution division now operated a network of nine depots, with a closely integrated information infrastructure.
Kee said the group, which aimed to become a global pharmaceutical company, launched a new product this year called Andezio, a new generation antihistamine for rhinitis and allergies.
Meanwhile, Ezede and Covastin, which penetrated the market in late 2001, had exceeded initial expectations and made an important contribution to the group's profitability, he said.
He said new products continued to be added to the division's expanding portfolio, including Reckitt & Colman (Overseas) Ltd's Dettol, Bonjela and Conviscon, which the division distributed to general practitioners and private hospitals in Malaysia.
As for industry trend, he said the role of generic medicine in controlling healthcare cost had long been recognised and its usage was growing.
There was an increasing trend towards self-medication by a better educated and health-conscious public, he said.
Regulatory authorities are also playing their part in making more prescription medications available over the counter in retail pharmacies, Dr Kee said.
He also said Apex had received approvals from the relevant authorities to transfer its listing to the KLSE main board from the second board.
Apex registered a 19% increase in pre-tax profit to RM13.1mil for the financial year ended Dec 31, 2002 compared with RM11mil in the previous year while turnover increased by 15% to RM157mil. Bernama
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