Biocon Ltd partners with Tabuk Pharmaceuticals

Biocon Ltd partners with Tabuk Pharmaceuticals

Riyadh, Saudi Arabia: Biocon Ltd (BSE code: 532523, NSE: BIOCON), an innovation-led global biopharmaceutical company, today announced a partnership with Tabuk Pharmaceutical Manufacturing Company (a fully owned subsidiary of Astra Industrial Group ), a leading pharmaceutical company in the Middle East and North Africa (MENA), to commercialise selected speciality products in the Middle East. Under the terms of this agreement, Tabuk Pharmaceuticals will hold the marketing authorization for these products and will be responsible to register, import, and promote them in Saudi Arabia and other Middle East countries. The partnership will pave the way for Biocon’s expansion into the MENA region to include Saudi Arabia, UAE, Kuwait, Qatar, Oman, Iraq, in addition to Jordan and Lebanon. This is another important milestone for Biocon, reflecting its commitment to providing patients around the globe with affordable medications, by establishing a strong global portfolio of products, either directly or through strategic partnerships. As part of the out-licensing deal with Tabuk, Biocon will develop and manufacture products, while Tabuk will commercialise them in the Middle East. Mohammed Alhagbani, President of Astra Industrial Group commented: “As part of our role and mission at Tabuk Pharmaceuticals to deliver unique health solutions and enhance the well-being of