Neopharma participates in IDF Congress 2017

Team from Neopharma recently participated in the IDF Congress held in Abu Dhabi along with more than 200 diabetes associations to discuss about the trends, treatment, prevention and mitigation of diabetes. The event witnessed high level participation by delegates from diverse backgrounds and nationalities. Speakers from around the world discussed about the prevalence of the non-communicable disease that is, diabetes.

The International Diabetes Federation (IDF) has been leading the global diabetes community since 1950. It is an umbrella organization of over 230 national diabetes associations in 170 countries and territories. The Federation represents the interests of the growing number of people with diabetes and those at risk.

SBI Neopharma establishes footprint in the UAE

SBI Neopharma has established its footprint in the UAE by opening up an office in Dubai Healthcare City.

SBI Neopharma is a joint venture between SBI Pharmaceuticals Co. Ltd. and Neopharma LLC for the research, production and global sales for medicines, medical devices, cosmetics and health foods utilizing 5-ALA (5-aminolevulinic acid). SBI Pharmaceuticals is part of the SBI Group, a Tokyo based financial services organization with varied business interests.

Dr. BR Shetty, Executive Vice Chairman and Managing Director Neopharma inaugurated the office.  He was accompanied by the senior management of the NMC Group that included, Mr. Suresh Kumar, Chief Financial Officer, Mr. Suresh Nandiraju, Chief Operating Officer and Mr. Sumit Bhanot, Marketing Director.

SBI Neopharma’s flagship product NatuALA, contains 5-ALA, a revolutionary novel compound in the treatment of Type 2 Diabetes. NatuALA is currently available in Japan, Bahrain, Jordan and UAE.

Neopharma showcases products and technology at CPhi Worldwide 2017

Team from Neopharma recently participated at the CPhi Worldwide event in Germany. The event was a huge success for the company and it served as a significant platform for showcasing the company’s wealth of expertise with the global industry stakeholders. The event was attended by a large number of pharmaceutical industry professionals and witnessed several product launches. Neopharma showcased products from more than 10 therapeutic segments at the event.

UAE health ministry signs pact with Neopharma

The UAE’s Ministry of Health and Prevention (Mohap) said it has signed an agreement with Neopharma Factory to provide some medical stocks used for emergency situations.

The list includes 103 types of pharmaceutical products, medicines for emergency cases and other drugs to further boost the health security of the country.

Dr Amin Hussein Al Amiri, the assistant undersecretary of Public Health Policy and licensing of the Mohap, accompanied by Dr Abdul Karim Abdullah Al Zarouni, the director of the Department of Emergency, Crisis and Disaster Operations, signed the agreement with Suresh Kumar Nandiraju, the chief operating officer of Neopharma.

Dr Al Amiri said Mohap continuously strengthens its medicine supply by signing agreements with drug manufacturers following the decision of the Council of Ministers No. 39 of 2015.

“The Neopharma agreement is part of our efforts to improve health and medical security, and enable us to immediately respond to emergencies through the acquisition of strategic medical stocks for the ministry’s stores,” he remarked.

“This covers our requirements for one year, including stocks for three months that are readily available in the form of finished goods while the remaining quantity will be in the form of raw materials that will be used in the medicines’ manufacturing process,” he added.

Dr Amin pointed out that the Ministry works towards building quality and safety systems for treatment, health and medicine in accordance with international standards and envisions to promote a healthy society by providing comprehensive and innovative health services.

It implements a regulatory and auditor role in the health sector following an advanced and integrated health legislative system.

Dr Al Zarouni said the agreement sets a mechanism for recycling stocks and constantly offering fresh goods to consumers while maintaining the overall stock quantity required.

The ministry is responsible for storing and maintaining medical stocks according to the global storage and recycling standards, he noted.

“The list comprises a total of 103 drug categories, including 27 for the treatment of infections, 22 for the ear, nose and throat (ENT), 13 for the treatment of respiratory diseases, nine each for  cardiovascular and chronic diseases, eight for gastrointestinal diseases, six for the urinary tract, gynecology and obstetrics, four each for blood diseases and malnutrition and bone diseases and one medicine for diseases of the nervous system.

Nandiraju said Neopharma was committed to serving the pharmaceutical manufacturing in the UAE.

“We are honoured to work with the Mohap to provide vital medical supplies that benefit the community during times of crisis, and to allow effective approaches to manage health care costs, increase access to essential medicines and contribute to the strengthening of the pharmacoeconomy in the country,” he added.-TradeArabia News Service

Neopharma to participate in CPhI Worldwide in Frankfurt, Germany

Neopharma, one of the fastest growing pharmaceutical manufacturing company, will be attending the CPhi Worldwide event held at Messe Frankfurt, Germany from October 24-26, 2017. The UAE headquartered company will showcase products from across several therapeutic segments at Stand no 42A25 , Hall No. 4.2

To know more about Neopharma and its therapeutic segments please meet the team at CPhi show or alternatively contact us at neopharma@neopharma.ae.

CPhi is a well- established pharmaceutical event known for bringing together the suppliers, distributors and buyers from the pharmaceutical industry. The event hosts exhibitions, conferences, free seminars, awards and pharma community charity expedition across 9 locations worldwide.

Distributors and buyers from the pharma industry across the world gather for the machinery, ingredients, equipment, technology and package and contract service suppliers during CPhi Global events. The event brings together the global communities of pharma professionals and offers opportunities to discover latest trends, ideas and innovations in the pharma industry.

Neopharma plans major expansion in Middle East, Asia

Neopharma, one of the leading pharmaceutical manufacturing companies in the United Arab Emirates (UAE), is planning for a major expansion, primarily in the Middle East and North African (MENA) markets and parts of Asia.

These plans take into account the impending growth of the industry in these markets. The increased push for compulsory health insurance schemes, increased demand of generics and hike in medical tourism numbers would provide a positive push.

“Being one of the largest pharmaceutical markets in the region, MENA’s lure can be attributed to its increasing population, drastically changing healthcare infrastructure and the government’s willingness to radically improve the healthcare systems in the country. Our aim for the region is to help bridge the gap between the patented and the generic by providing products of high quality, which aren’t a burden on the insurance companies,” stated Dr B.R. Shetty, chairman and managing director, Neopharma.

According to reports, the MENA region is forecast to witness an increase in pharmaceutical expenditure to $33.4 billion by the end of 2017, up by nearly $1 billion from the previous year. The Saudi pharmaceutical market accounts for over 60 per cent of the Gulf Cooperation Council (GCC) and is expected to grow at a rate of 9 per cent till 2026, according to separate reports.

“The first phase of expansion would involve proliferation in the other Middle Eastern countries, where Neopharma is aggressively pushing for licences and trademarks. Neopharma’s focus on value-added drugs and not just generics is one of our key differentiators and we aim to add further value to the local health care industry. Furthermore, we have already invested over Dh100 million in setting up a state-of-the-art research and development (R&D) facility,” added Shetty.

Apart from the GCC region, Neopharma has recently made significant investments in a state-of-the-art Japanese factory to the tune of Dh100 million. Additionally, about Dh265 million have been spent on the acquisition of patents and licenses excluding an additional Dh515 million on clinical studies. The Japanese facility will be manufacturing primarily nutraceuticals, one of which has been found effective for Type II diabetic patients and also those in the pre-diabetic stage.

NatuALA, the dietary supplement mentioned earlier is a breakthrough in the management of Type 2 diabetes. The UAE has been reported to have over one million people suffering from diabetes, out of which 450,000 are undiagnosed. The supplement under clinical studies being conducted across the United States, Japan, United Kingdom and Bahrain; could very well provide to be a boon for diabetes patients.

Neopharma has commenced manufacturing NatuALA to address the needs of the ever increasing Type 2 diabetes patients in the GCC region and across the globe under license from SBI Pharma. SBI Neopharma will be distributing the product worldwide.

NatuALA reduces blood glucose levels through an insulin-independent method and keeps fasting glucose levels under critical levels. The dietary supplementary product with 60 patents prevalent in over 35 countries across the globe; utilises a fermentation process to develop it. The process is easily scalable to suit its demands.

Neopharma plans $100m plus drug plant in Abu Dhabi

If it goes ahead, this would be BR Shetty owned company’s second in the emirate

The Dr. B.R. Shetty-owned Neopharma has confirmed feasibility plans for a second production facility in Abu Dhabi, at an estimated cost of $100 million plus. Additional land has been acquired at the Kizad industrial zone in the emirate, raising the total to 160,000 square metres for both facilities. (Shetty owns a 90 per cent stake in Neopharma.)

It follows Neopharma’s recent acquisition of a pharma factory in Japan, as well as the technical know-how to produce the “NatuALA” pre-diabetes dietary supplement. The company is currently in the midst of clinical trials in the US to get NatuALA approved for the management of Type 2 diabetes.

Neopharma plans $100m plus drug plant in Abu Dhabi

Neopharma plans $100m plus drug plant in Abu Dhabi

The health care sector in the UAE has seen a robust deal flow in recent years, with the big operators going in for big-ticket acquisitions to raise hospital bed capacities as well as bring about consolidation among clinics and primary health care providers.

But Neopharma’s push into value-added drugs — and not just of the generic variety — brings about a qualitative change on the pharmaceutical side of the local health care industry. The company is also working on a possible generic drug production facility in Saudi Arabia. Neopharma was set up in 2003.

But it is the know-how from the Japanese acquisition that will come most handy. Once an approval is forthcoming, the NatuALA drug will have extreme potential not just in the US but elsewhere as well, said Shetty. (The company is also pushing the drug’s diagnostic and therapeutic credentials in oncology.) “The “fermentation” technology the Japanese plant uses is a gamechanger and we would like to capitalise on this opportunity,” said Shetty, who is also the founder of NMC Health and currently its joint Non-executive Chairman. “Sure, Neopharma at its launch was primarily manufacturing generic/bulk drugs, but I am now seeing possibilities to do much more.

“We had an offer from Japan’s Cosmo Oil Co. (which owned the pharma company Cosmo ALA) to take over the plant in Japan. We agreed as it was an ideal project with the fermentation technology that we were looking for.”

While Neopharma now owns 100 per cent owner of the plant, it’s Japan exposure also extends to a 65 per cent in Cosmo ALA (now renamed Neo ALA).

The plant was bought for Dh100 million, while Dh265 million was spent on the acquisition of patents and licenses. An additional Dh515 million will go into clinical studies.

Much depends on how quickly the product — NatuALA — is able to make the transition from being an over-the-counter dietary supplement to a full-fledged drug. For this, the US Federal Drug Administration (FDA) needs to give its approval, and thereafter it is just a matter of time before other health authorities do the same.

Approximately one million people in the UAE suffer diabetes and nearly 450,000 are estimated to be undiagnosed cases.

“I don’t think I paid a high premium for the Japanese know-how and manufacturing assets,” said Shetty. “Diabetes, heart-related and cancer are killer diseases and close to 40 per cent in the UAE are diabetic and the numbers are rising.

“NMC Health PLC is listed on the London Stock Exchange and is one of the UAE’s largest private health care providers with over 4 million treated every year. We are proud to be the only company to be so successful on the FTSE 250. It is now trading at 24 (21.86 as of June 30), which is almost a 12-time multiple for investors.

“I currently own 90 per cent in Neopharma and believe that Neopharma will chart an even better strategic route. Neopharma has already started making profits and we want to grow the company further before we decide to get listed. Right now, the year 2020 is the target for getting listed on FTSE.”

Neopharma in major investment

UAE pharmaceutical manufacturing frim Neopharma has in vested Dh100 million in the acquisition of patents and licences and an aditional investment in clinical studies amounting to DH515 million. The Factory in Japan will manufacture supplements for patients in the pre-diabetic stage and also Type-II diabetic patients.

UAE-based pharma invests Dhs880 million

DUBAI: Neopharma, one of UAE’s leading pharmaceutical manufacturing company has invested a total of Dhs100 million in a state-of-the-art Japanese factory, Dhs265 million in the acquisition of patents and licences and an additional investment in clinical studies amounting to Dhs515 million. The factory in Japan will manufacture supplements for patients in the pre-diabetic stage and also Type II diabetic patients.

Neopharma Japan has acquired a 65 per cent stake in the Japanese pharmaceutical company, Cosmo ALA (now known as Neo ALA), to manufacture this dietary supplement. The product NatuALA is a breakthrough in the management of Type 2 diabetes. As per reports, approximately over one million people in the UAE have diabetes and nearly 450,000 are estimated to be undiagnosed cases.

Neopharma announced its plans in the presence of Assistant Undersecretary of Public Health Policy and Licensing – Dr. Amin Al Amiri, Japanese Ambassador to the UAE, Kanji Fujiki, Prof. Tohru Tanaka, Prof. Naohide Yamashita among other senior officials. The launch event focused on the history and development of 5-ALA and its application in Type 2 Diabetes Mellitus.

“Obesity is a growing concern in many nations in the Middle East as approximately a third of adults are now obese and diabetes and other weight-related diseases are becoming serious public health issues. The diabetes epidemic is largely focused on massively increased rates of obesity in the region. Obesity when left unchallenged, leads to pre-diabetes or metabolic syndrome. Either of these conditions, if not swiftly acted against, can lead to the development of full-blown Type 2 diabetes. The diabetes epidemic occurs at different rates throughout the world, with the condition changing in some countries from a minor to a fundamental problem in a matter of years,” commented Dr. B.R. Shetty, Chairman & Managing Director, Neopharma.

World Health Organisation (WHO) predicts that diabetes will become the seventh major cause of death around the world by 2030. Furthermore, according to WHO, nearly 422 million people are diabetic worldwide. This figure is expected to spiral to 642 million by 2040. In the region, 35.4 million suffer from diabetes and by 2040, the number is estimated to surge to 72.1 million.

Neopharma’s factory in Japan has started the production to meet the ever-growing needs of the Type 2 diabetes patients in the GCC region and across the globe. Neopharma will be distributing the product worldwide. Clinical studies for NatuALA is being conducted across USA, Japan, UK and Bahrain.

The supplement decreases glucose levels by insulin-independent method and keeps fasting glucose levels under check. The product has 60 patents over 35 countries worldwide. Easily scalable fermentation process is used to develop this dietary supplementary product.

5-ALA is an amino acid created in mitochondria, known as the powerhouse of the cell. It is an important substance that serves as a functional molecule related to energy production, and its productivity is known to decrease with age. It is also known as a material forming chloroplasts in plants.

UAE based Neopharma invests $240million

This includes an investment of AED100 million in a state-of-the-art Japanese factory, AED 265 million in the acquisition of patents and licenses and an additional investment of AED515 million in clinical studies for manufacturing supplements to support patients in the pre-diabetic stage and also Type 2 diabetic patients.

Dubai, United Arab Emirates – Neopharma, one of UAE’s leading pharmaceutical manufacturing company has invested a total of AED100 million in a state-of-the-art Japanese factory, AED265 million in the acquisition of patents and licenses and an additional investment in clinical studies amounting to AED515 million. The factory in Japan will manufacture supplements for patients in the pre-diabetic stage and also Type II diabetic patients.

Neopharma Japan has acquired a 65% stake in the Japanese pharmaceutical company, Cosmo ALA (now known as Neo ALA), to manufacture this dietary supplement. The product NatuALA is a breakthrough in the management of Type 2 diabetes. As per reports, approximately over one million people in the UAE have diabetes and nearly 450,000 are estimated to be undiagnosed cases.

Neopharma announced its plans in the presence of Assistant Undersecretary of Public Health Policy and Licensing – H.E. Dr. Amin Al Amiri, Japanese Ambassador to the UAE, H.E. Mr. Kanji Fujiki, Prof. Tohru Tanaka, Prof. Naohide Yamashita among other senior officials. The launch event focused on the history and development of 5-ALA and its application in Type 2 Diabetes Mellitus.
“Obesity is a growing concern in many nations in the Middle East as approximately a third of adults are now obese and diabetes and other weight-related diseases are becoming serious public health issues. The diabetes epidemic is largely focused on massively increased rates of obesity in the region. Obesity when left unchallenged, leads to pre-diabetes or metabolic syndrome. Either of these conditions, if not swiftly acted against, can lead to the development of full-blown Type 2 diabetes. The diabetes epidemic occurs at different rates throughout the world, with the condition changing in some countries from a minor to a fundamental problem in a matter of years,” commented Dr. B.R. Shetty, Chairman & Managing Director, Neopharma.
World Health Organisation (WHO) predicts that diabetes will become the seventh major cause of death around the world by 2030. Furthermore, according to WHO, nearly 422 million people are diabetic worldwide. This figure is expected to spiral to 642 million by 2040. In the region, 35.4 million suffer from diabetes and by 2040, the number is estimated to surge to 72.1 million.
Neopharma’s factory in Japan has started the production to meet the ever-growing needs of the Type 2 diabetes patients in the GCC region and across the globe. Neopharma will be distributing the product worldwide. Clinical studies for NatuALA is being conducted across USA, Japan, UK and Bahrain.

The supplement decreases glucose levels by insulin-independent method and keeps fasting glucose levels under check. The product has 60 patents over 35 countries worldwide. Easily scalable fermentation process is used to develop this dietary supplementary product.

5-ALA is an amino acid created in mitochondria, known as the powerhouse of the cell. It is an important substance that serves as a functional molecule related to energy production, and its productivity is known to decrease with age. It is also known as a material forming chloroplasts in plants.

“Medical technology now enables more accurate diagnosis for better monitoring, prevention and management of illnesses, many of them deemed life-threatening or incapacitating earlier. Innovations in this pre-diabetes arena will help people live healthier, longer and more active lives,” concluded Dr. B.R. Shetty.

5-ALA has also great potential in the oncology. It could be used for diagnosis, prophylaxis, and as therapeutic. Neopharma is working on research and technology transfer which will be conducted in partnership with Japanese counterpart.

NMC Health PLC listed in London Stock Exchange, is UAE’s largest private healthcare provider, where over 4 million patients are treated every year. As a backward integration, Neopharma was established in 2003 to manufacture and market pharmaceuticals; such as, Neopharma brand generics of anti-infectives, analgesics, antipyretics and anti-inflammatory drugs, drugs for diabetes, cardiovascular drugs, respiratory medicines, drugs related to central nervous system, gastrointestinal drugs, vitamins among several other therapeutic drugs.