Marksans Pharma to acquire 100% stake in Dubai-based Access Healthcare for Medical Products LLC
Marksans Pharma Limited today signed a share purchase agreement to acquire a 100% stake in Access Healthcare for Medical Products L.L.C, a Dubai-based frontmarketing and promotion company Marksans Pharma Limited today signed a share purchase agreement to acquire a 100% stake in Access Healthcare for Medical Products L.L.C, a Dubaibased front- marketing and promotion company.This transaction was approved by the Board of Directors of Marksans Pharma on April 23, 2022. Access Healthcare for Medical Products (Access Healthcare)provides pharmaceutical companies innovative marketing and sales solutions in the MENA (Middle East & North Africa) region The Company supplies these products in the UAE and other neighboring countries. In the UAE market, the company supplies products through the Dubai Health Authority (DHA). It has market authorizations by the UAE regulatory authorities for various products. For the year ended December 2021, Access Healthcare for Medical Products posted revenues of AED 12 Mn (INR 250 Mn) and a profit after tax of AED 4.5 Mn (INR 94 Mn). Commenting on the transaction, Mark Saldanha, Promoter & Managing Director of Marksans Pharma said

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