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SPIMACO signs contract with F. Hoffmann-La Roche

SPIMACO signs contract with F. Hoffmann-La Roche
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Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) signed on Jan. 13 a contract with Swiss global health-care company F. Hoffmann-La Roche, according to Tadawul website.
Under the agreement, SPIMACO will undertake the partial manufacturing, selling and distribution of Herceptin and Mabthera in Saudi Arabia; two of the main products used for treating breast cancer.
The contract is for five years with a renewal option.
The products are expected to be launched in the Saudi market by H1 2015 and are anticipated to increase annual revenues by SAR 200 million.
Photo Credit: Arabianeye-Reuters