Revon Media
  • Newspaper
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • Live Edition
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • Media
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • About Us
  • Contact Us
No Result
View All Result
  • Newspaper
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • Live Edition
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • Media
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • About Us
  • Contact Us
No Result
View All Result
Revon Media
No Result
View All Result

Deal Extension, Additional Contract For Duopharma Biotech

Deal Extension, Additional Contract For Duopharma Biotech
Share on FacebookShare on Twitter

DUOPHARMA Biotech Berhad announced the government has extended an agreement for the supply and delivery of human insulin products by one year, from Dec 2, 2020 to Dec 1, 2021 with an additional contract value of RM19.625 million.

Duopharma Biotech said the agreement was between the government, Biocon Sdn Bhd as the manufacturer, and Duopharma Marketing Sdn Bhd (DMktg), a wholly owned subsidiary of Duopharma Biotech, as Biocon’s authorised distributor/reseller.

Following this second additional contract value, the total contract value has been increased to RM410.725 million from RM300.04 million under the original agreement. The first additional contract value of RM91.06 million was in December 2019.

 

 

As at Dec 2, 2020, the value of the products yet to be drawn down by the government under the agreement (inclusive of this second additional contract value) was RM69.08 million.

“In the event the products are drawn down by the government, such supply to the government would contribute positively to Duopharma’s revenue and earnings in the financial year 2021.

“The company wishes to highlight that the said amendments will be formalised through the execution of a formal supplemental agreement to the agreement between the government, Biocon and DMktg at a later date,” the company said.

Duopharma Biotech is one of the country’s leading pharmaceutical companies. Among its consumer healthcare products which are household names include Flavettes, Champs, Uphamol and Proviton.

In 2020, it signed an agreement with its Korean partner, PanGen Biotech, and government-linked investment body VentureTech for the establishment of Malaysia’s first commercial biosimilar production facility in a move to position the country as a regional player in this growing market.

In early 2017, Duopharma Biotech achieved a key milestone when it received accreditation as the first company to receive the Halal Malaysia certification for prescription medicines.

Tags: theHealth
Previous Post

Southeast Asia Ready to torm

Next Post

Yi-Lai invents Malaysia’s first antivirus tiles

Live Edition Paper

NOV 2020 ePaper

OCT 2020 ePaper


 

Subscribe for free complimentary live editions:

Recent News

  • My Covid experience
    September 30, 2021
    Early testing may help prevent being inadvertently injured by possible and […]
  • Array of vaccines available
    March 1, 2021
    With the health of the world population at stake, scientists, pharmaceutical […]
  • THE BMW 7 series bikers
    September 3, 2021
    The writer, a cycling enthusiast, just hit 70 and is already looking forward to […]
  • Malaysia grabs regional recognition
    March 1, 2021
    Malaysia continues to make waves as the World’s Healthcare Marvel, most […]
  • IHH enters Serbia through Turkish unit
    September 3, 2021
    IHH Healthcare Bhd’s Turkish-based Acibadem Healthcare Group is acquiring 70 […]

Connect

Office

Revon Media Sdn Bhd
A member of Revongen Corporation
Headquarters
Revongen Corporation Center,
Level 17, Top Glove Tower, No.16,
Persiaran Setia Dagang,Setia Alam,
Seksyen U13, 40170 Shah Alam,
Selangor Darul Ehsan, Malaysia.

Contact

Tel: +603 3359 1166
Fax: +6 03 3358 0303

Copyright © 2021 Revon Media Sdn Bhd. A publication of Revon Media Sdn Bhd. About Us | Contact Us | Privacy Policy | Terms of use

No Result
View All Result
  • Newspaper
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • Live Edition
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • Media
    • theHealth
    • @Halal
    • @green
    • @Pancing
    • myHealth
  • About Us
  • Contact Us

© 2021 Revon Media Sdn Bhd. A publication of Revon Media Sdn Bhd

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist