PharmaVest Logo

Name:

PharmaVest

Sector:

Pharmaceutical

Location:

Dubai, United Arab Emirates

Date:

2011 - Present

Website:

Involvement:

Buy-In

Management:

Bassam Falah

Contact:

bassam.falah@innovest.me

Background

The Middle East region is considered one of the fastest growing markets for medical equipment and medical consumables. This steady growth is driven by the population growth as well as a the significant increase in percarpita healthcare expenditure. INNOVEST ME identified high potential white spots and decided to venture into this industry thought partnering with leading global players and manufacturers in the Industry.

INNOVEST ME Involvement

In February 2013, INNOVEST ME signed an exclusive MEA representation agreement with Sime Italia, a specialised Italian based manufacturer of Single Use surgical instruments. In April 2013, the startup signed dealership agreements with leading companies in Europe and Asia, allowing it to be awarded in June 2013 the tender of fully equipping Kayrakkum charity hospital in Tajikstan.