Neuraxpharm extends its CNS product reach in the Middle East
Neuraxpharm Expands to the Middle East
Neuraxpharm Group is embarking on a significant expansion of its operations into the Middle East, focusing on providing vital treatments for central nervous system (CNS) disorders. This move highlights their strategy to introduce their leading CNS products, including BRIUMVI (ublituximab), to new markets, specifically targeting the Gulf Cooperation Council (GCC) member countries.
Strategic Growth and Market Presence
As Neuraxpharm establishes its presence in Dubai, UAE, the company aims to reach out to patients across the GCC, including nations like Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar. The creation of Neuraxpharm Middle East is a strategic step that complements their recent openings in Brazil and Mexico, thereby furthering their international footprint.
Launching CNS Treatments in the Region
The UAE will act as a central hub for the distribution and marketing of BRIUMVI and other CNS treatments. Ublituximab has already been submitted for approval in Saudi Arabia and the UAE, with plans for a 2025 launch. This reflects the company's commitment to enhancing patient care through innovative therapies in the region.
CEO Insights on Market Expansion
Dr. Jörg-Thomas Dierks, the CEO of Neuraxpharm, expressed enthusiasm regarding this expansion, emphasizing the importance of establishing the company’s operations in high-growth markets. He noted, "This growth strategy is crucial for Neuraxpharm as we seek to provide differentiated products to local patients and healthcare professionals. Our focus is on ensuring that effective treatments are accessible to those in need in the Middle East."
Company Overview: Neuraxpharm's Mission
Neuraxpharm has dedicated itself to becoming a leader in the field of CNS disorders over the course of 35 years. As a European specialty pharmaceutical company, it possesses a solid foundation and understanding of the CNS market. The company is committed to innovation and continuously seeks to address unmet medical needs through a diverse portfolio that includes new products and solutions.
Employing a Global Perspective
With approximately 1,000 employees, Neuraxpharm has a direct presence in over 20 European countries, while also maintaining a global reach through partnerships in more than 50 countries. Their manufacturing facility located in Spain ensures they can produce a broad range of pharmaceutical products, underpinning their commitment to quality and efficacy in the treatments they deliver.
Looking Ahead: A Promising Future for Patients
As Neuraxpharm progresses with its expansion plans, the company remains focused on bringing its innovative CNS therapies to the forefront of healthcare in the Middle East. Their strategic initiatives will play a crucial role in supporting patients who suffer from various CNS disorders, ultimately aiming to improve their quality of life with effective treatment options.
Frequently Asked Questions
What is Neuraxpharm's focus in the Middle East?
Neuraxpharm is focused on providing treatments for central nervous system disorders in the Middle East, targeting patients in GCC countries.
What products will Neuraxpharm offer in the region?
The company will primarily market BRIUMVI (ublituximab), aimed at treating relapsing multiple sclerosis, along with other leading CNS therapies.
Where will Neuraxpharm Middle East be headquartered?
Neuraxpharm Middle East will be headquartered in Dubai, UAE, serving as the operational hub for their initiatives.
What is the timeline for BRIUMVI's launch?
BRIUMVI has been submitted for approval with plans for a launch in 2025, targeting patients in Saudi Arabia and the UAE.
How does Neuraxpharm plan to support patient care?
Neuraxpharm aims to establish a strong local presence and offer differentiated products, ensuring effective treatment options are accessible to patients and healthcare professionals in the region.
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