MUP (Medical Union Pharmaceuticals)
@ 2020 The board of directors of the Egyptian International Pharmaceutical Industries (EIPICO) has approved the acquisition of a 10 % stake of the Medical Union Pharmaceuticals (EIPICO), equivalent to 4.89 m shares.
Factory of Batterjee Company for Pharmaceutical Products and Medical Appliances (Batterjee Pharma)
After achieving remarkable success both in local and foreign markets, constructing a brilliant reputation for the quality of its products, as well as its trade name, EIPICO has decided to transfer its technology via collaboration with foreign parties through establishing joint venture pharmaceutical companies.Batterjee Pharma is EIPICO’s first investment abroad in manufacturing pharmaceutical products.
Batterjee Pharma started with a capital of 60 Million Saudi Riyals, currently raised to 77 Million Saudi Riyals. EIPICO owns a 30% stake.
Batterjee Pharma was e stablished in 2008 and started production in 2009, in Saudi Arabia - Jeddah - Industrial Zone Phase IV, on 12,000 m2 with more than 150 employees and a license to produce all pharmaceutical dosage forms, currently manufacturing 30 products to be exported to Bahrain, U.A.E. and Yemen.