Duopharma gets RM578mil supply contract

PETALING JAYA: Duopharma Biotech Bhd has accepted 11 letters of offers from Pharmaniaga Logistics Sdn Bhd for the supply of pharmaceutical and/ or non-pharmaceutical products worth RM578.09mil.

In a filing with Bursa Malaysia, Duopharma said the total number of products in aggregate to be supplied under all the contracts is 86, adding that the contracts are expected to contribute positively to the company’s future earnings, until the expiry date of the contracts.

“All the contracts shall remain valid and binding until Dec 31, 2026 or such other date as directed by the Malaysian Government,” it said.