Biocon and Tabuk partner to launch GLP-1 products in Middle East [Yahoo! Finance]
Viatris Inc. (VTRS)
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Source: Yahoo! Finance
The collaboration aims to provide products for diabetes and chronic weight management in select countries within the region. Biocon will develop and manufacture these GLP-1 products. Biocon CEO and managing director Siddharth Mittal stated: “I am pleased to expand our partnership with Tabuk Pharmaceuticals, which paves the way for our vertically integrated, complex GLP-1 formulations entry into Saudi Arabia and other countries in the region.” Tabuk Pharmaceuticals, a subsidiary of Astra Industrial Group, will own marketing authorisation rights for the products. The company will also be responsible for their registration, importation and promotion. The partnership includes provisions for expanding the agreement to cover additional GLP products. An option for a technology transfer could enable local manufacturing in the future. Tabuk Pharmaceuticals CEO Ismail Shehadah stated: “We are confident that this partnership supports our efforts to manufacture and localise a range
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