Malaysia’s
biggest pharmaceutical company Pharmaniaga Bhd has signed a memorandum of
collaboration (MoC) with Modern Industrial Investment Holding Group Co Ltd and
E-Healthline for a pharmaceutical joint venture (JV) project in the Middle
East.
A statement issued by Pharmaniaga said the MoC
would see the three parties explore the possibility of creating a JV to design,
construct, operate and manage a pharmaceutical complex located in Saudi Arabia.
The move aims to cater to markets in the
Middle East and North Africa.
The MoC was signed in Frankfurt, Germany at
CPhI Worldwide 2011, an annual global medical and pharmaceutical trade event.
Modern Industrial, a Riyadh-based holding
company, is affiliated withModern Chemicals Company Ltd, which is experienced
in the development, financing, construction and operations of various
manufacturing facilities in Saudi Arabia.
E-Healthline is a US-based company which
provides integrated healthcare information management systems.
It also provides other healthcare-related
information technology solutions, with worldwide operations.
Pharmaniaga managing director Datuk Farshila
Emran said the company had high hopes for the MoC.
“Each party has its own expertise and unique
experience, and when combined, we would be able to provide a comprehensive and
very efficient integrated pharmaceutical and healthcare services in this part
of the world,” she said.
The Star
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