{"id":60877,"date":"2022-11-13T14:51:21","date_gmt":"2022-11-13T11:51:21","guid":{"rendered":"http:\/\/www.indexeconomic.com\/?p=60877"},"modified":"2022-11-13T14:51:22","modified_gmt":"2022-11-13T11:51:22","slug":"european-pharma-major-cinfa-firms-up-presence-in-saudi-arabia-to-provide-authentic-accessible-care","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=60877","title":{"rendered":"European Pharma major, Cinfa, firms up presence in Saudi Arabia to provide authentic accessible care"},"content":{"rendered":"\n<pre class=\"wp-block-preformatted\"><\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\"><em>&nbsp;<\/em><\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\">&nbsp;<\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\">The European pharmaceutical major, Cinfa, confirmed, in a launch event celebrated last Thursday, 10th in Jeddah, its plans to expand and reinforce its presence in Saudi Arabia, as part of its regional strategy to provide authentic accessible care to patients and the community.<\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\">&nbsp;<\/pre>\n\n\n\n<p>The\ncommercial attach\u00e9 attended the launch ceremony at the Spanish Embassy,\nrepresentatives of Cigalah Trading Company headed by Mr. Yasser Al-Naghi,\nrepresentatives of Cinfa from Spain, the Middle East, and Saudi Arabia, a large\ncrowd of doctors and consultants from the medical authorities in Saudi Arabia,\nand a number of media professionals.<strong>.<\/strong>\n<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">Cinfa made its debut in the Saudi Arabian market in 2018 and over the years the presence of its products has steadily increased in the market. \u201cMiddle East currently represents our largest international market at Cinfa and we plan to consolidate our presence in the region with our launch in the Saudi market, becoming one of the leading players here and covering 10 to 15% of the market in every therapeutic area in which we operate. To achieve this, we focus both on private and institutional market, and we are in constant touch with the stakeholders of the healthcare sector in Saudi to serve them better\u201d, said Mr. Franc Vives, Chief International Officer at Cinfa.<\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\">&nbsp;<\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\">The company has built a complete portfolio of 14 prescription drugs that covers different therapeutic areas, including cardiology, urology and central nervous system. <\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\">&nbsp;<\/pre>\n\n\n\n<pre class=\"wp-block-preformatted\">\u201cOur portfolio is under continuous review and growth to meet the needs of the Saudi Arabian market,\u201d added Mr. Vives. \u201cIn the coming years, we will continue to expand it with very interesting new molecules such as amlodipine valsartan hydrochlorothiazide, amlodipine olmesartan hydrochlorothiazide, vildagliptin metformin, sitagliptin or apixaban, indicated to treat diseases as hypertension, diabetes, and anticoagulation\u201d he said.<\/pre>\n\n\n\n<p>In KSA, the\ncardiovascular disease and diabetes have become a very serious health issue.\n40% per cent of the KSA adult population has high blood pressure\n(hypertension), significantly higher than the global average of 30%, according\nto the Saudi Arabia Ministry of Health. Additionally, nearly 19% of the\npopulation in Saudi Arabia have diabetes, according to the International\nDiabetes Federation. <\/p>\n\n\n\n<p>\u201cWith our presence in KSA, we aim to provide European quality and\naffordable medicines for these and other health conditions, working hand in\nhand with healthcare providers and healthcare authorities\u201d, stated Mr. Vives.<\/p>\n\n\n\n<p>Mr. Yasser Al-Naghi, CEO of Cigalah Trading Company reminded us that\n\u201cThe Saudi Arabian pharmaceutical market is one of the main Markets in the\nMiddle East, with 37 billion US$. And for a growing market with\nstate-of-the-art infrastructure such as ours, to count on international\npartners as Cinfa is crucial to keep the level of our health system and\nguarantee that our citizens have access to all the treatments they need\u201d. <\/p>\n\n\n\n<p><strong>European quality drugs worldwide<\/strong><\/p>\n\n\n\n<p>With over 50 years of experience in the pharmaceutical industry, Cinfa is\nan absolute leader in the Spanish market, both in terms of values and drug units\nsold in retail pharmacies, and is present in over 60 countries worldwide, where\nit is well acclaimed for its focus on safety and quality.<\/p>\n\n\n\n<p>\u201cIn Spain, there\nis an average of nine Cinfa medicines per household. Our commitment is to\nadhere to the strictest safety and efficacy requirements, and we want to bring this\npledge to the Saudi market as well, so that people of this country benefit from\nour quality equally accessible to everybody,\u201d said Julio Maset, Chief\nScientific Officer, Cinfa.<\/p>\n\n\n\n<p>Cinfa\ndebuted in the Middle East market in 2013, with its lunch in UAE. \u201cIt has been\nalready 10 years since we set foot in the region and, as per the IQVIA Q2 data,\nwe are leaders in units in our molecule\u2019s universe with a current portfolio of\n27 products,\u201d noted Mr. Tamer Ghonim, Cinfa Middle East General Manager.<\/p>\n\n\n\n<p>The second\nmarket Cinfa entered after the UAE was Kuwait in 2014, where it currently has\nnine products in the market, and the third country was Qatar in 2017 where 11\nproducts of the company are available nowadays.<\/p>\n\n\n\n<p>Now, Cinfa\naims to reinforce its presence in Saudi Arabia as the next step in its internationalization\nstrategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; The European pharmaceutical major, Cinfa, confirmed, in a launch event celebrated last Thursday, 10th in Jeddah, its plans to expand and reinforce its presence in Saudi Arabia, as part of its regional strategy to provide authentic accessible care to patients and the community. &nbsp; The commercial attach\u00e9 attended the launch ceremony at the &hellip;<\/p>\n","protected":false},"author":2,"featured_media":60875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-60877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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