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Avanzcare on track for major Mena expansion

DOHA, January 17, 2017

Qatar’s Avanzcare, previously known as Al Sawari Medical, has recently achieved a number of notable successes and is well-positioned for further expansion within the rapidly growing Mena healthcare market during 2017.

Avanzcare rebranded in line with the company's increasingly international outlook. Avanzcare's strategy is to embrace the many opportunities it has for expansion and diversification, to become the partner of choice for advanced healthcare solutions in the Mena region, and to deliver the highest quality products and services so as to improve the health of people across the region.

Avanzcare's operations cover pharmaceutical distribution, manufacturing, healthcare centers, retailing and co-marketing. It acts as a gateway for international companies looking to enter the Mena healthcare market and provides a unique business model in the region.

The Mena region currently represents around 6 per cent of the world's population. Its healthcare market represents 2-3 per cent of the global pharmaceutical market, is currently valued at approximately $35 billion and is expected to expand by a compound annual growth rate of approximately 6-9 per cent between 2014 and 2019. Qatar's pharmaceutical market alone has seen CAGR of 12.6 per cent over the past decade, reaching $709 million in 2015.

During 2016, Avanzcare signed major agreements with two leading international partners and has ambitions to develop partnerships with other international companies in other selected healthcare areas.

Avanzcare signed an agreement in June 2016 with US firm Protein Sciences Corporation which designated Avanzcare as the exclusive distributor of Protein Sciences' proprietary Flublok (seasonal) and Panblok (pandemic) influenza vaccines and potentially other vaccines to be developed in the future for Mena markets. Under the terms of the agreement, Avanzcare will pursue registration of Flublok in all licensed countries and will initially purchase Flublok from Protein Sciences for distribution in the region.

Avanzcare will therefore be able to meet the latent need in the Mena region for the delivery of a highly effective, pure, and safe flu vaccine. The World Health Organization reports that throughout the world, annual flu outbreaks result in 3-5 million severe cases and between 250,000 and 500,000 deaths. The Mena flu vaccine market is valued at US$160 million, representing almost 4 per cent of the total global market.

Protein Sciences' executive chairman, Dan Adams, noted that Avanzcare's extensive network in the region and experience in securing regulatory approval of pharmaceutical products makes it a strong partner which will allow Protein Sciences to reach many countries.

In October 2016, Avanzcare signed an agreement with China-headquartered Mindray, a leading global provider of medical devices and solutions, under which Avanzcare will be the sole distributor of Mindray's life support products in Qatar. These will include anaesthesia, defibrillator, infusion pump, syringe pump, monitor, ventilator and ECG products.

Avanzcare has a highly experienced, multi-national team operating across the Mena region. In 2016, Avanzcare became ISO 9001:2015 compliant, a demonstration of the company's ongoing commitment to providing services of the highest quality. Avanzcare has also successfully completed its TRACE certification, underscoring its commitment to commercial transparency and anti-bribery compliance.

Sheikh Turki bin Faisal Bin Qassim Al Thani, chairman of Al Sawari Holding, said: "Al Sawari Holding's strategy is to provide the highest quality products and services across all the sectors and markets in which we operate.

“Healthcare is no exception and we are pleased that Avanzcare is becoming an increasingly important player in the Mena region. Through the combination of its local knowledge and infrastructure, and ability to act as a gateway partner for leading international companies, Avanzcare is well-positioned to provide access to innovative products and services which will improve people's lives in the region. I am confident that 2017 will see Avanzcare go from strength to strength in the Mena healthcare market." – TradeArabia News Service




Tags: Al Sawari Holding |

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