Saudi's Tabuk Pharmaceutical strikes deal to manufacture Leosons products in MENA

Tabuk Pharmaceutical will have the right to register, manufacture, and commercialize a range of 14 brands in several countries in the MENA region

  
Medicine in shelves in commissioning machine in pharmacy. Image used for illustrative purpose

Medicine in shelves in commissioning machine in pharmacy. Image used for illustrative purpose

Getty Images
RIYADH: Saudi-based Tabuk Pharmaceutical Manufacturing Company has announced an exclusive agreement with Leosons Overseas Corporation to manufacture and sell Leosons products in the MENA region,

The agreement gives Tabuk Pharmaceutical an immediate take over of the US-based company's existing business in more than 10 markets, with future expansion plans to include new regions and products.

Tabuk Pharmaceutical will have the right to register, manufacture, and commercialize a range of 14 brands in several countries in the MENA region, according to the agreement.

"We consider this partnership a step forward towards augmenting our plans for long-term growth and strengthening Tabuk’s over the counter business with direct contact with patients,” Wisam Alkhatib, vice president of Strategy and Business Development at Tabuk Pharmaceuticals said.

“We believe our partnership with Tabuk Pharmaceuticals is transformational especially in Saudi Arabia,” John L. Ohanian, President of Leosons said.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business