Monday 24 June 2024

Neopharma invests $237m towards diabetes management in GCC

MANAMA, May 24, 2017

Neopharma, a leading pharmaceutical manufacturing company, has invested a total of BD90 million ($237 million) in a state-of-the-art Japanese factory that will manufacture supplements for patients in the pre-diabetic stage and also Type II diabetes patients.

Clinical studies for NatuALA is being conducted across US, Japan, UK and Bahrain.

The investment includes a total of BD10 million ($26.3 million) in the Japanese factory, BD27 million ($71 million) in the acquisition of patents and licenses and an additional investment in clinical studies amounting to BD53 million ($139.6 million).

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. 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.

“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 and managing director, Neopharma.

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.

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; and 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.

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.  - TradeArabia News Service

Tags: Diabetes | factory | Japanese | Neopharma | supplements |

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