KUALA LUMPUR: Pharmaniaga Bhd has teamed up with PRIME Healthcare Group, one of UAE’s leading healthcare service providers to expand its presence in the international market, especially in the middle east.
In a statement, Pharmaniaga said its wholly-owned subsidiary, Pharmaniaga Manufacturing Bhd (PMB) signed a memorandum of understanding (MoU) with Prime Medical Store LLC (Prime Medical), a subsidiary of PRIME Healthcare.
The MoU will serve as the foundation in establishing the framework that will grant Prime Medical the exclusive right to register, import, promote, market, sell and distribute PMB’s pharmaceutical products in the UAE.
“With the Halal pharmaceutical market set to grow to US$205bil by 2024, we believe the partnership with PRIME Healthcare Group will help to widen our market reach further and contribute significantly to the revenue,” group managing director Datuk Zulkarnain Md Eusope said.
“Dubai will be our base to bring our products to other countries in the Middle East, Africa and even Europe,” he added.