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Gulf Pharmaceutical Industries — Capital/Financing Update 2021
Dec 5, 2021
66558_rns_2021-12-06_a9bf25ef-0088-4658-a878-bb7a1bce961c.pdf
Capital/Financing Update
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PRESS RELEASE
Julphar signs an exclusive license and production agreement with Quantum Genomics
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Julphar adds first-in-class hypertension medication to its cardiovascular portfolio.
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Julphar will receive an exclusive license to market firibastat in the Middle East, all African countries, CIS and Turkey.
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Julphar will be the exclusive firibastat producer for those regions.
December 06, 2021, Ras Al Khaimah (UAE) – Gulf Pharmaceutical Industries PSC (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, today announced the signing of an exclusive license and production agreement with Quantum Genomics, a leading biopharmaceutical company specializing in the development of first-in-class cardiovascular drugs, to market and produce firibastat in the Middle East, all African countries, CIS and Turkey.
The new partnership comes in line with Julphar vision to form robust strategic alliances on the global level, that will help enhance patients’ access to innovative healthcare solutions. The launch of firibastat will address the unmet medical need of up to 25% of all hypertension patients who currently show resistance or are difficult to treat with available therapy alternatives.
With its state-of-the-art manufacturing facilities in the emirate of Ras Al Khaimah, Julphar will be Quantum Genomics’ exclusive production partner and will receive exclusive rights to market firibastat in the following geographic areas: the MENA (Middle East North Africa) region, CIS (Commonwealth of Independent States), Turkey and all other countries on the African continent.
In addition, Julphar will become the preferred manufacturing partner of firibastat for Quantum Genomics in other parts of the world. This new landmark reflects Julphar’s commitment to establishing innovative biopharmaceutical solutions to enhance the UAE’s competitiveness in this strategic sector.
Dr. Essam Mohammed, Julphar’s CEO, said: “Julphar is delighted to partner with Quantum Genomics to commercialize firibastat, the first in class molecule to treat resistant and difficult-to-treat hypertension, and to produce it in our state-of-the-art manufacturing facilities in Ras Al Khaimah. We are confident that firibastat will add a strong value to the treatment of this unmet medical need and to Julphar’s portfolio.”
“The new landmark agreement brings together a stronger focus on innovative ways to address critical diseases in the MENA region through manufacturing high-quality medications locally.” he added.”
Jean-Philippe Milon, CEO of Quantum Genomics said: "Julphar, which was founded forty years ago, is one of the largest pharmaceutical companies in the MENA region. Its success has been built on its comprehensive portfolio including anti-infectives, dermatology, and diabetes products, and its presence in all key MENA markets. Its business is expanding fast and cardiology is one of the key areas of investment. Julphar is also amongst the region’s largest producers and is the ideal partner to support firibastat’s future production needs. We’re already exploring how Julphar could meet some of those requirements for the United States and Europe.”
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As a leading Emirati brand, Julphar is ideally equipped to expand its market position and continue in its mission to provide access to high-quality and affordable healthcare solutions for all people in the MENA region and across the world. Julphar is focusing on value-adding medicines that provide real impact to the communities it operates in, as well to boost shareholder value by delving into new business lines and capturing greater market share in several core markets of the group.
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About Julphar
Julphar is one of the largest pharmaceutical manufacturers in the Middle East and Africa, and for more than four decades, the company has been delivering high quality, innovative and affordable healthcare solutions to families across the globe. Established in the emirate of Ras Al-Khaimah, UAE under the guidance of His Highness Sheikh Saqr Bin Mohammed Al Qasimi in 1980, Julphar employs 2,500 people and distributes pharmaceutical products to more than 50 countries on five continents.
Julphar’s business is centered on three core business units – Julphar Diabetes Solutions, General Medicines and its consumer division, Julphar Life – which target major therapeutic segments including Gastrology, Pain Management, Wound Care, Antibiotics and Cardio-metabolism. Julphar has 13 internationally accredited facilities in the Middle East and Africa. In 2012, Julphar became one of the largest producers of Insulin with its UAE-based biotechnology production unit.
Media contact: Corporate Communication, Julphar. Mail: [email protected] Phone: +971562525627
About Quantum Genomics
Quantum Genomics is a biopharmaceutical company specializing in the development of a new class of cardiovascular drugs, based on the Brain Aminopeptidase A Inhibition (BAPAI) mechanism. It is the only company in the world to pursue this innovative approach directly targeting the brain, founded upon more than twenty years of research work by Paris-Descartes University and the INSERM/CNRS laboratory led by Dr. Catherine Llorens-Cortès at the Collège de France. Quantum Genomics thus aims to develop innovative treatments for complicated or even resistant hypertension (in approximately 30% of patients it is poorly controlled or treatment failure occurs), and heart failure (one in two patients diagnosed dies within five years)