Dubai Science Park South Tower, Al Barsha South 1, Dubai
Genqore Drug Store, a leading Pharma Marketing and Distribution company based out of Dubai, UAE, is pleased to announce a Joint Venture with MSN Laboratories, a leading research-based pharmaceutical company based out of India, with a mission to bring affordable healthcare to UAE. The joint venture is incorporated with an objective to bring high quality medicines to meet the unmet market needs. This collaboration brings together the expertise and resources of both companies to add value to the pharmaceutical industry in the region.
Commenting on the collaboration, Ms. Otima, co-founder & CEO of Genqore said “There are many molecules in the chronic segments that are going off patent, and this JV will help Genqore bring such complex molecules to the region to meet the unmet market needs. We are excited about this venture and look forward to the opportunities it presents. We are confident that our joint efforts will lead to success and growth for both companies in the region.”
Mr. Sumit Bhanot, co-founder Genqore also added “With this collaboration, GenQore believes in bringing in best, high quality, affordable medicines in various therapeutic class to the region to enhance the healthcare sector.”
Mr. Nikhil Reddy, Executive Director Business & Corporate Strategy, MSN Labs added “MSN Labs constantly realigns and streamlines its business objectives and operations to meet the ever-changing requirements of global markets. As a dynamic organization, we keep taking promising strategic moves that will continue to serve the world by bringing affordable medicines within everyone’s reach. This alliance is going to be the game changer for healthcare setup in Middle East Market.” The above statement was equally echoed by Mr. Giridhar Rao, Head Emerging markets, Central & Eastern Europe, MSN.
MSN Labs, is one of the fastest growing research-based pharmaceutical company in India, with a rich & diverse product portfolio having global presence in 80 + countries, with multiple products in the market and in the pipeline. MSN has 21 state-of-the-art manufacturing facilities (15 API and 6 Finished Dosage Facilities) established across India and USA & an integrated R&D Centre.
GenQore Drug Store is a Specialized Pharmaceutical Company representing leading Global Pharma brands and products across complex therapies, Focused on Branding, Marketing & Distribution of Complex, Innovative, and First Generic products across Chronic & Acute Pharmaceutical Therapies & Aims to improve accessibility and meet the unmet medical needs of the GCC & MENA.
The joint venture will augment the efforts of both the entities in serving the countries of the Middle East and do their bit in shaping a healthier world.